FOREX SUMMARY: EUR extended gains against.....>

FOREX: FOREX SUMMARY: EUR extended gains against most majors this morning,

following the widely reported stories on the EU Summit: "Holdouts, Austria,

Denmark, Netherlands, and Sweden may be willing to accept EUR390bn in grants" 

-EURUSD tested the 16th June high at 1.1460, and trading at 1.1458 at the time

of typing. 

-Scandies are trading in green territory, with the SEK gaining further ground

against most majors. 

-USDSEK is trading below the 9.0000 handle, levels not seen seen early 2019. 

-Further downside momentum for the USDSEK pair, would open to 8.8545 (61.8%

retracement), and 8.8202, the 01/01/19 low. 

-The British Pound started the session on the back foot, but has since faded, on

small USD selling interest as risk hold onto gains, on the back of the EU summit

fund hope. 

-EMFX are mixed, with local desk only noting thin turnovers as we start the

week, as currencies continues to take their cue from risk assets. 

-Looking ahead, all eyes are on EU members set to reconvene at 15.00BST.