FXstreet.com (Barcelona) - The Dollar has declined further, across trhe board on improved risk appetite seen during Asian session, reaching multi-month lows with its major rivals, Karen Jones, technical analyst at Commerzbank warns about profit-taking reactions.

Jones observes the Dollar approaching important levels against Swiss Franc, Pound and Yen, which might trigger some near-term reversals: We have USD/CHF approaching 1.00, GBP/USD approaching 1.6745 and USD/JPY very close to its initial target of 91.75 - we would allow for some near term profit taking in the US dollar.