US dollar sinks to the lows of the day, AUD/USD threatens yesterday’s high

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Despite the US dollar selling, most pairs still within yesterday’s range

The dollar takes and the dollar gives it right back. There was steady dollar buying late yesterday and ahead of the jobs report on speculation of a good number. It was good but wages were weak and the profit taking started almost instantly.

A second wave of US dollar selling is underway now and it’s making fresh daily extremes. For the most part, those fit into yesterday’s ranges but the Australian dollar is threatening to push into new territory.

If it can break above 0.7696, that would mark a fresh high since November 10.

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