USD Ability to sustain strength over its Peers

With most of the major reports released, carry-over market sentiments on the US Dollar has remained well in place. That being said, the major driving force that has been the main catalyst of the market have obviously started from the FOMC direction.

The recent move by the Bank of Japan's own version of the US QE3 and now finally confirming that the US came strong through its nine (9th) consecutive Jobs figure with a touch of a decrease in unemployment figures continued to boots market sentiments.

And the US Dollar Index (DXY) registering a significant high @88.20 basis point, ever closer to 88.80/90 resistance levels. While retreating from its highs and currently @87.83 from a US session low @87.67; a normal move nearing the closing session for the week. A technical divergent trend has emerged as the US Dollar continued to move higher, putting some slight pressure contrary to market sentiments. Thus leading to some initial position and profit-taking towards the close of the day.

USD Ability to sustain strength over its Peers