Fold trades not far from session highs, around the $1408 level after stalling just shy of $1410. Looks like the greenback and gold have at least temporarily severed their strong correlation.
The dollar index has the potential to close above its 10-day moving average today, nearly 2 cents above Thursday’s spike low. DXY is testing its 10-day moving average at 77.16 and eyes its 21-day average at 77.35.
