Dollar gains as EUR/USD breaks under 1.1400
The dollar posted a strong advance, with EUR/USD breaking under 1.1400 and AUD/USD dropping to fresh 11-week lows under 0.7000.
The key drivers of price action are dollar sentiment and the overall risk mood, which are closely tied.
US-Iran developments are keeping the peace, at least for the time being, and all eyes are on equities after a troubling day for Wall Street yesterday.
The focus in the sessions ahead will remain on dollar sentiment and risk mood, with US stock investors eyeing Micron earnings for potential relief.