Dollar a touch lower in European morning trade ...Middle East

Meanwhile, GBP/USD is also seen up 0.2% to 1.3540 while AUD/USD is up 0.2% to 0.6475 on the day. Overall, the moves are light and not really indicative of much to be honest. USD/JPY is just marginally down by 0.1% to 143.90 so that isn't providing much impetus for dollar-related moves as well.

In other markets, US futures have crept a little higher now after a more subdued start to the day. S&P 500 futures are up 0.2% and that's helping to keep European indices more upbeat as well with the DAX up 0.8% and CAC 40 up 0.7% on the day.

This article was written by Justin Low at www.forexlive.com.

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