The Euro & the Ozzie showed surprising weakness against the USD. The Euro got almost to 1.47 but now seems headed back to 1.40. The Ozzie bulls have made two efforts in two weeks, both unsuccessful. Hard to say whether the bears are in control, but for the moment it looks like 1.0360 will be the next buying zone.
The USD rallied weakly against ChF, went sideways against the $C and against the Yen. The BoJ will be happy if the dollar rallies magnificently, but it is far from obvious that such will be the case. The $C often wanders like a blind mouse against the USD, as it seems to be doing now. The ChF, on the other hand, is very high and looking like it will go higher.
Finally, the Cable or GBP had a small rally, but now looks like it wants to go down to 1.60. A decisive break there could open the door for a move to 1.54
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