The Euro is trying push higher against the US dollar but is unlikely to break significant resistance levels ahead of next weeks US economic data and FOMC minutes.
USD/JPY has retreated in recent days, dragged down by the moderate correction in US yields. If long-term interest rates continue to pull back, the dollar could extend its decline against the yen.
EUR/USD Price Tumbles Below 1 1600, Ranging Ahead of FOMC forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.