EUR/USD rises to a fresh one-week high
The dollar is softening across the board as we see stocks push higher on the session, with the DAX now up by 2% and US futures also posting 1% gains in European morning trade.
EUR/USD is now looking for a potential test of the 1.1300 handle, as price rises to its highest level since 24 June. Further resistance in the pair is then seen around 1.1325 before getting towards the 23 June high at 1.1349.
Elsewhere, cable is also looking to keep a firm break above 1.2500 in a push to a session high of 1.2518 currently. AUD/USD is also still looking perky at 0.6934 and keeps close to testing the high yesterday at 0.6944.
There isn't any notable headline driving the move here as stocks look to be kicking off Q3 the same way they have gone about Q2 - for now at least.
But there are still key risk events in the day ahead with the US jobs report still to come and also another barrage of coronavirus headlines in the US.
