NEW YORK ( BBH FX Strategy) -- The dollar continues to remain under pressure as global stocks push higher ahead of Barroso's potential announcement today on plans for the recapitalization of the eurozone's banks.The news comes amid a very choppy overnight session which saw the EuroStoxx 600 swing between gains and losses, with a total intraday trough to peak swing of nearly 2%. Nonetheless, the benchmark index is set to advance for its fifth day out of six. Materials lead the move higher after an unexpected rise in eurozone industrial production. S&P futures are up nearly 1% as well. Against this backdrop, safe havens have fallen back with bund and gilts posting losses, with gilts outperforming bunds, supported by an unexpected rise in the UK unemployment rate. One blot against today's backdrop, though, is that U.S.-China trade tensions are likely to intensify after the U.S. Senate passed the China currency bill.