EUR-USD has now made it the sixth day out of the last seven a lower daily low has been seen, this time falling to 1.0928, the lowest since Apr-28 and on route sliding below the 50-day moving average, presently at 1.0960. The move reflects both a degree of euro underperformance (EUR-JPY is at three-week lows, EUR-GBP at 10-week lows)and dollar outperformance (USD-JPY is at 10-week highs, USD-CAD at a six-week peak). The dollar has been notably perkier in the wake of an unexpected rise in U.S.
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