Continued deterioration in the labor market helped push the dollar lower across the board after the jobless claims data. Selling from the BIS has been rumored into strength though traders note good buying continues with pullbacks modest so far. Should yesterday’s 1.3745 highs give way, stong resistance lies at 1.3840/50.
If we’ve learned one thing so far this year, son’t fall in love with positions. It’s been a battle between the quick and the dead this week with the quick winning every time.
