USD vs majors.. Despite dlr's intra-day broad-based strength in European morning as traders were anticipating a better jobs number, however, after the NFP no. turned out to be the opposite, market scrambled to cover shorts & the rest simply turned long. We had reported earlier US invest. banks were selling dlr/yen aggressively y'day n today, perhaps some knew something we don't !
Eur/usd rallied fm 1.4264 to 1.4416, offers remained at 1.4440 to 1.4485 n must be cleared if euro bulls are successful in taking price outside its recent trading range.