US dollar gets back into gear

Author: Adam Button | Category: News

The dollar momentum continues

The US dollar is at or near the best levels of the day, right across the board. With the gains, USD/JPY has broken above yesterday's high to the best level since Sept 1.

A big test for the pair will be 110.67, which was the Aug 31 high. A break would end the series of lower highs that's plagued the pair.

The bigger story is the relief rally in the US dollar. Or is it something more than that?

See a post I wrote earlier this week on whether or not it's sustainable.

What needs to happen to make this US dollar bounce last

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