The old buck isn’t dead and buried quite yet as it sparks into life. Cable and the euro are suffering for it as the euro once again falls back below 1.3800 marginally. GBP/USD has forgotten all about the GDP and is back below 1.6200.
USD/JPY is crawling like a sick dog from lows of 96.94 to 97.17 and USD/CHF has passed former support of the Feb 2013 low at 0.8930 to trade up at 0.8941.
We’ve seen this picture a few times over the last few days where the dollar has looked to put on a run only to fail miserably. Let’s see what it’s got in its armoury today.
