The dollar index broke to a new low for the move, falling through the November low at 75.63 and extending to 75.577.
Trouble is, it looks as though we are going to close back above those old lows.
False breakout? Could be… It is enough to cause those with the weakest stomachs to square up ahead of the weekend and give the index a fresh look next week. We trade now at 75.70.That has prompted a modest dip in EUR/USD and GBP/USD and put a bid under USD/JPY and USD/CAD.
