In the daily currency technicals, the euro targets 1.2400, the Japanese yen picks up momentum, the British pound continues skyward, and the Swiss franc holds below 1.2700.
A dose weaker economic data and surprisingly dovish Federal Reserve meeting minutes have validated to traders that the most recent spate of dollar weakness may be merited.
The New Zealand dollar opened up higher at the New York bell as overnight highs were taken out above the 0.6278 on triggered stops and follow through buying from sized Japanese accounts and fund bidding.
In the daily currency technicals, the euro tries to hold breakout, the Japanese yen trades to trendline, the British pound takes off, and the Swiss franc gains big.
Euro bidding was in full force for the session, as inflationary suggestions bolstered probable rate tightening by the European Central Bank in coming months.
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