Introducing the all mighty king dollar; without further adieu:
In the interim; the dollar could bounce a little. I don't see it getting to much of a bid though flow from quarter end. Equities didn't have a stellar quarter so I don't see much re-balancing to keep portfolios at proper allocations. (for example; a really easy trade on the FX floor is to front run the last business day's 11AM fix if US equities have had a really strong quarter, or month for that matter as money managers re-balance back to mandated % allocations). So going into the end of this quarter; I don't see a big bounce for the USD on Monday.
USD becoming stronger would require US Macro data points to beat estimates and jobs growth to pick up steam. If you see these items improving; then you'll see it in the USD.
Let's watch the rising trend line with diverging MACD histograms over next couple days for new short term direction of DX.
4/9/14:
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