Gold Silver Reports (GSR) – Dollar index now down by more than 0.2% – And it is falling below the 38.2 retracement level @ 93.81 as highlighted earlier here. The continued selling momentum in the dollar following the US jobs report extends to the new week. EUR/USD just touched a session high of 1.1781 while the dollar is at the lows against the aussie, swissie, and sterling as well.
Even against the offshore yuan, the dollar is down 0.7% and is set for the biggest daily loss against the yuan in over three months…
The dollar index broke below the 26 June support level on Friday after the jobs report, and since then the momentum has been siding with the sellers and we’re seeing more of that now. – Neal Bhai Reports
