Unsurprisingly, the markets have deferred to a period of consolidation ahead of today’s anticipated US employment report. But this period of consolidation follows an intense wave of broad based US Dollar declines as participants start to more aggressively price the prospect of the Fed scaling back with 2016 rate hike bets.
Charts: Technical & fundamental highlights
Peformance chart: Five day performance v. US dollar
This article originally appeared at LMAX.