The greenback falls further ahead of North American trading
The greenback is coming under added pressure on the session, falling across the board as the risk mood stays more optimistic on vaccine news today.
As such, the dollar is down to session lows with EUR/USD extending gains above its June high @ 1.1448, GBP/USD moving back towards last week’s resistance region of 1.2665-70, and AUD/USD looking to challenge key daily resistance @ 0.7032-63.
The theme ahead of US trading today is “hope springs eternal” with the market also staying more optimistic about EU leaders reaching a compromise on the recovery fund ahead of negotiations on 17-18 July.