The market is opening European trading in a more upbeat attitude, as the recent rally in stocks has prompted more risk-on trading in FX, with commodities currencies pulling marginally ahead on the day.
The previous smaller ranges are continuing to widen, with the AUD/USD up 0.3% to 0.7337 and the NZD/USD up 0.2% to 0.7058, both still aiming for their 100-day moving average this week
In other news, the USD/CAD is presently trading below 1.2600.
The dollar is regarded as average, as it maintains a modest rise against the yen and the franc.
The former is being weighed down by higher Treasury rates, with 10-year yields up 3 basis points to 1.33% on the day.
