Euro News The dollar retreated broadly in the face of improving risk sentiment, with sterling scoring the biggest gains among the majors, but a heavy slate of event risk including U.S. presidential debates and non-farm payrolls lies ahead. It remained to be seen whether the slide in the U.S. currency was mostly month- and quarter-end position-squaring or a more enduring resumption of asset reflation funded by dollar sales. For a broad guide to the dollar, traders will be watching stocks for a potential resumption of the uptrend from March in the S&P 500, particularly with a close above the 50-day moving average. Similarly, the DAX needs to close back above its 55-DMA at 12,908. EUR/USD held above Friday’s September low at 1.16125 on EBS, the STOX600 index posted its biggest gain since June, but the euro stalled ahead of Friday’s 1.1685 high. The euro tumbled to the 50% Fibo of September’s rise versus the pound at 0.9028 before rebounding toward the 38.2% Fibo at 0.9078 by the Sept. 17 swing low at 0.9084. The rebounding dollar index has been unable to close above its downtrend from March’s high and would be threatened by a broader stocks recovery.