Now that the economic data is out of the way, dealers have returned to selling dollars. There was nothing particularly bearish in the data; it is just that the event risk is passed and traders can do what traders do.Stops were triggered above 1.4025, taking prices into the high 1.4030s.
The USD index penetrated support at 80.45 briefly. Look for a sustained break of that level to weigh broadly on the greenback.
