The dollar remains firm this afternoon, making new trend highs against the JPY and pound and approaching trend lows in EUR/USD. We dipped as low as 1.4260 on Friday and trade about 1.4270 late in US trade. AUD/USD is at trend lows holding just above 0.8800. One wonders if a barrier may be in play.
Firmer US interest rates, sliding commodities and out-performance by US equities are helping support the dollar.
January oil futures settled at 72.47, down 89 on the day. Feb futures are down more than a buck. Gold is consolidating losses around $1092.
