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Dollar catches a light bid across the board


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EUR/USD has been marked down to a low of 1.1193 from around 1.1210


The bid in the greenback comes alongside a move higher in the yen as well with USD/JPY inching lower to 110.65 currently. EUR/USD is nearing session lows now as price tests the 100-hour MA (red line) as buyers will now have to show their resolve in defending the near-term bullish bias once again.
Meanwhile, cable is also brought to a session low of 1.3086 after having traded around 1.3110-20 levels earlier at the start of the session. There aren’t any notable headlines for the pick up here as it is taking place just as most European/London traders are getting busy in the morning.
That said, there are some notable changes to risk assets over the past hour with oil prices now down on the day with Brent lower by 0.7% to a low of $70.70. US 10-year yields have also dropped slightly from near 2.50% earlier to 2.48% currently. US equity futures are also slowly surrendering its earlier pullback as it is down by 0.3% now after having pared losses to just under 0.1% earlier.
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