It is hard for us to have a dollar collapse if gold is gonna slump as well.
The yellow metal is down $20 today, at $1357, weighed down in part by another Chinese reserve requirement hike.
With the market pretty bulled-up on EUR/USD, small stops below 1.3320 might come into play before the day is done.
Commodity currencies have been very whippy today. USD/CAD jumped to 0.9975 earlier but has since been knocked down toward 0.9900 on continued real money sales. Money managers were big sellers of USD/CAD yesterday as well.
The CRB is down a more modest 0.5% this morning and oil is down a mere $0.40 at $91.00.
