Forex Special A much higher tolerance for riskier practices sparkled a renewed optimism to push risky assets higher. Investors were involved in a race to catch the ongoing bullish momentum. As a result, USD and JPY drifted to losses against its rivals.
EUR/USD is printing new daily highs and is just a few point away from hitting 1.2600 area. GBP/USD recovered 1.5200 mark, after rebounding strongly from 1.5082 lows. AUD/USD had an impressive surge from lows and is now threatening 0.8500 level. USD/CAD retreated from highs an fell capped by 1.0600
In connection with the Japanese crosses, USD/JPY flew higher approaching 88.00, after trading lower at 87.40 earlier on. EUR/JPY was driven up to hit a 1-week high at 110.74. GBP/JPY also marched up halted at 133.60 level. AUD/JPY soared to make a new daily high at 74.63 area.