The dollar bull run is continuing to move higher
There's no stopping the dollar's momentum over the last few days really. As highlighted earlier, the dollar index is on march towards a test of the "air pocket" between 95.15 and 95.52 and it sure looks that way now.
Yesterday's showing when the dollar dipped after the CPI report and was quickly bought back up was a good indicator that the momentum isn't gone yet. And we're seeing more of that same momentum in trading today.
EUR/USD is now down to a low of 1.1628 while USD/JPY has also moved higher to 112.71.
