The dollar has been the weakest performer in April
It hasn’t been a good month so far for the greenback as it is sold once again going into European morning trade today. The dollar is weaker across the board with more technical levels being breached at the moment before Europe enters the fray.
Of note, EUR/USD buyers are looking to hold a break above its 100-day moving average (red line) @ 1.2053. That will potentially open up the next leg higher towards 1.2200, if the momentum keeps up towards the latter stages of the month.
Elsewhere, USD/JPY remains pinned near 108.00 though is trading little changed on the day. Meanwhile, GBP/USD is testing 1.4000 again currently and a firm break above that may set up a retest of the late February highs in and around the 1.4200 level.