Who expected December 27 to be a decisive day on the FOREX?
Well, it was, with no 'stat' on the agenda, no central banker speaking... and many traders on vacation.

Despite this particular context, the '$-Index' fell -0.6% below 101.00 (down to 100.88), its weakest mark since the period July 31-August 4.

The Dollar-Index could quickly lose a further 2% to test a major psychological threshold, that of '100' (or 99.8)... having already lost 11.5% since the end of September 2022.
The next downside target could be around 0.94: beware of the yen's push towards 132/$.

The greenback loses -0.3% against the yen and the pound advances +0.6% (boosted by a rise in its yield when all other European rates are falling back to their 2nd half-year lows.
The Euro (+0.8% towards $1.1120) is definitely breaking through the resistance of 1.1030 and looks set to test its summer high of 1.1250 on July 14, followed by 1.1460.
Note that Gold - an inverted reflection of the Dollar - is up +1% and heading for an all-time best close, above $2,071, and even $2,080.


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