EUR/USD to its highest since May of 2016 and knocking on the door of 1.15

In the news, it looks like the healthcare bill in the US is now dead

  • U.S. Senators Mike Lee and Jerry Moran have announced they will not support the revised Republican health care bill
  • This makes it impossible for the bill to advance

'Obamacare' lives on, not to be repealed any time soon

More:

  • Susan Collins & Rand Paul had already said they were opposed to the republican's "Better Care Act"
  • With Lee and Moran opposed now the Republicans are short of a majority

The USD is getting a push lower on the news, EUR a big beneficiary, as is the yen.

Updates (EUR/USD no longer knocking on the 1.15 door - its kicked it in!):