Broad rout on the US dollar.
There is no mercy in the latest squeeze on the US dollar. The buck caught a bid on better trade data and jobless claims but it's been a one-way street lower since.
The main focus is on the euro, which just touched 1.09, but USD/CAD is beginning to cut through some levels. It just took out yesterday's low.
We're keeping a close on the 55-day moving average, which is at 1.2520 today.
