Euro climbs to the best levels of the day as the US dollar slides

<p>The euro has found support and 1.0760 and turned higher with the help of a broader slump in the US dollar. There was no clear catalyst for the move as it came after a relatively in-line weekly US jobless claims report. If anything, the dip in continuing claims might have given the US dollar some support.</p><p>There is a better pickup in risk appetite along with these moves and S&amp;P 500 futures are up 0.2%. We could also be seeing some USD/JPY selling filter through into other pairs.</p><p>Eyes are also on bonds. Yields ramped after the data but have since turned and US 2-year yields are now fractionally negative on the day.</p>

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