FTUKcom

USD looks vulnerable at support...

Short
TVC:DXY   U.S. Dollar Currency Index
It’s probably far too premature to suggest that Dollar/major and EM pairs may have marked out boundaries for the big BLS release already, but the index looks pretty restrained having slipped into a lower range either side of 92.200 and just above the last fairly recent low ahead of 92.000. Thursday’s more encouraging US jobs data proxies have not made a lasting impression as the DXY meanders between 92.253-151 after another ‘dead cat’ bounce, awaiting the official report to assess further progress towards the ‘substantial’ threshold set by the Fed for tapering.

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