Most markets are higher this morning as risk-on sentiment dominates: AUD/USD, EUR/NZD, EUR/USD are showing impressive gains as we move into the afternoon trading session.
The US dollar is getting stronger against a basket of currencies — USD/JPY drawing back 0.99% to 131.71. GBP/USD up 0.24%, trading at 1.2079.
Uptick coincides with some positive signs published earlier as highly important Crude Oil Inventories data from United States beat analyst expectations of -1.52 million with a reading of 718,000.
Here are the biggest currencies gainers so far today.
EUR/NZD | +0.37% in mid-session
Although on a downtrend for 3 days, Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. Marginally higher but lacking a clear-cut direction, EUR/NZD is trading at 1.6861 after ranging between 1.6774 and 1.6903 today.
Euro-Dollar | +0.32% in mid-session
Finally showing signs of life after 12 days of trading sideways, Todays session shows some improvement: the Euro goes up to 1.0704 after dipping down to 1.0643 earlier.
Aussie-Dollar continues a six day positive streak and is up 32 pips to 0.681
Consistent for now — after closing the previous trading day at 0.6777, the Australian dollar went up to 0.6811 only to drop back; still positive overall today, now trading at 0.681.