USD is bouncing hard against the EUR by 2%, over GBP by 0.7% and 1.5% against the AUD
I had mentioned it was critical for them to defend that 72 level and its held so far. I expect the bounce to be short lived and no higher than 75.
Oil and the rest of the commodities are selling off, I'm tired of talking about the metals you all know whats happening there enough said.
Let's see what happens after that jobs report tomorrow. If its a good report than the dollar will rally further and there will be more pain in the metals and other commodities.
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