Back and forth we go as stocks flip-flop back and forth between mildly positive and mildly negative territory. It looks as though we will need the market to set a steady course for the buck to make up its mind near-term. For all the press on soaring gold prices in recent sessions, the dollar trades above key 76.00/05 support in the dollar index, now at 76.62. A break of 76.00 support puts us in a new world and it seems as though the market is just waiting for the next catalyst to take toward that level.
As Europe heads home, Latvia will become less of a near-term concern (barring any negative headlines) which could help the EUR edge higher later in the day. We trade now around 1.4690, towards the top of the narrow New York range.
