Broad US dollar strength the theme at the moment
A few times this week, the US dollar has been able to find a strong, solid bid in New York trading.
The euro is one of the currencies swept up in the wave of dollar buying but USD/JPY is also strong and the commodity currencies are near the lows of the day/week as well.
EUR/USD is nearing last Friday's low of 1.2273 (last at 1.2283). A break could tip another step of stops and will highlight the March low of 1.2154.
Keep an eye out for steady US dollar buying into the London fix. And if you're in North America, note that the fix is an hour later than usual (it's at noon ET today) because of the mismatch in clocks until the UK changes them next weekend.
