The euro rebounded against the U.S. dollar to its highest level in nearly a week, while a trader shorted EUR/USD with 16x leverage near the top.

According to Hyperinsight monitoring, the euro-to-US-dollar exchange rate rose 0.46% briefly this morning, reaching a high of 1.162—the highest level in nearly one week—driven by a weakening U.S. Dollar Index and improved market risk sentiment.