The rout on the US dollar is continuing.
- AUD/USD is throguh offers at 0.9920. More up at 0.9940/50
- USD/JPY is testing the session lows and holding so far. More bids down to 99.35
- EUR/USD offers extend to 1.3260. Talk of a barrier at 1.3275
- Cable offers at 1.5386 (European high)
I think the move to sell dollars is like a steak that’s been on the BBQ for 20 minutes — overdone.