10:36 AM · 28 April 2020

BREAKING: Risk-on pushes USD lower, EURUSD at weekly high

Risk-on moods can be seen on the global financial markets today. Equity futures rise in Europe and the United States. However, the US dollar can be seen as a loser as it trades lower against all major peers. EURUSD jumped above 1.0875 today to trade at 1-week high. Meanwhile, USDJPY slumped below 107.00 handle for the first time in six weeks.

EURUSD broke above the upper limit of the descending triangle pattern. The pair trades at 1-week high near 1.0875. Source: xStation5

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