Forex Special - The Euro broke above 1.2700 and jumped to 1.2737 reaching the highest price since May 12. The pair currently trades above 1.2720, 1.05% above today’s opening price. Greenback is extending its decline across the board as stocks in the US reach fresh highs.
The Dollar is also losing ground against currencies tied to commodities. USD/CAD tumbled to 1.0275, reaching a fresh 3-week low. AUD/USD broke above 0.8800 for the first time since the beginning of July and rose to 0.8827. NZD/USD has risen more than 40 pips in the last hour and trades at 0.7180/86, at the highest level in two months.