EUR/USD rises to two-day high

Another round of euro strength has helped it clear yesterday's high of 1.0899. The best level so far is only 1.0902 so it's hardly a definitive break out but if it manages to close above 1.0900 that would splash a minor outside day on the chart.

The six weeks has featured mostly US dollar strength with intermittent bounces but today's action is one of the more-convincing reversals. There are still a few hours of trading but if the dollar finishes weak, this could be the start of something more.