Euro snapped a three-day slide ahead of the weekend. Initial support in North America may be around $1.3530.
Sterling eased to an eight-session low near $1.3450 on April 23 before recovering ahead of the weekend to slightly above $1.3535 and almost matched last week’s high. It reached almost $1.3560 today.
Equities in Asia and Europe are mostly firmer. There were a few notable exceptions in Asia-Pacific, including Hong Kong, Australia, and Singapore, but Taiex rose nearly 1.9% and Kospi surged by 2.15%.
Europe’s Stoxx 600 is up about 0.25% in late morning turnover. If sustained, it would be the largest gain in a little more than a week. US index futures are narrowly mixed.
Dilok Klaisataporn/iStock via Getty Images
The breakdown of talks between the US and Iran initially warned of a risk-off session, but a new Iranian proposal appears to have revived the hopes of a resolution. The US dollar (DXY
