As for the dollar itself, it also suffered in trading yesterday but is keeping steadier so far today. EUR/USD is lightly changed at 1.0480, still unable to crack through key resistance at 1.0500. Meanwhile, USD/JPY is down 0.1% to 149.30 with the January low of 148.63 still very much holding for now.
While the risk mood is holding up for now, we've seen many a time over the last week how things can come tumbling down in US trading. And yesterday was another case in point as the selloff turned rather ugly especially late on. The Nasdaq is now going up against a test of its 200-day moving average and that's a big one to watch on the charts:
This article was written by Justin Low at www.forexlive.com. Read More Details
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