USD rises to the best levels of the day
If the US Treasury is indeed trying to weaken the dollar, then it's not doing a good job today.
It's a bit worrisome that this climb comes as stocks start to give back gains, but there are some good signs for the US dollar on the latest break.
- EUR/USD is down 120 pips on the day to 1.2260, lowest since Jan 23
- USD/CAD broke this week's double top and is nearing the Jan high of 1.2590
- USD/JPY is a couple pips below yesterday's high
- Cable is threatening yesterday's low
- AUD/USD is nearing the Jan 8/9 lows of 0.7809.
