The dollar index extended it losses this afternoon to the 81.43 leve, a support we pointed out earlier in the week as 82.00 support was overcome. A break of that level targets the major post-quantitative ease low at 78.78 from back in December.
Broken on today’s continued dollar slide was the 50% retracement of the July/March rally at 80.63. We trade now at 80.57. Keep an eye on 80.63 at the close.