US dollar rises to the best levels of the day

EUR/USD is trading at the lows of the day, down 38 pips to 1.0407 as part of a broad climb in the US dollar in the past 30 minutes.

It looks like a ‘risk off’ move in most of the FX market but it hasn’t come with rising yields or falling stocks.

Trump’s harsh attack on Zelensky could be putting Europe off-balance. The earlier NYT report that Trump is looking to make a deal with China initially boosted AUD/USD to 0.3565 but it’s since reversed to a session low of 0.6342.

This article was written by Adam Button at www.forexlive.com.