Euro is hovering between 1.2050-1.2100 on the wide irrespective.

Euro is hovering between 1.2050-1.2100 on the wide irrespective of the aforementioned European Commission policy paper about severing links to the Buck. The Buck remains broadly, albeit not quite uniformly firmer, with little sign of depreciation due to reports that the EU is planning to curb is reliance on the Greenback or from expectations that US Treasury Secretary nominee Yellen will back a market-determined level for the Dollar rather than strength or weakness in terms of its exchange rate. Indeed, the DXY is holding ‘comfortably’ above 90.500 within a 90.736-948 range and inching closer to the 91.000 handle after breaching the 50 DMA (90.931), albeit in thin US holiday trade.