USD crumbles across the board

by Joe Oliver, Forex Trading-Pips

Forex Trading Update on the crumbling US$ from FXstreet.com:

 

The USD is facing renewed selling pressure during the American session as investors get rid of the US currency ahead of the NFP report.

The USD/JPY slumped, losing over 180 pips within the last hours and leaving several support levels behind. Now trading below 98.00, the pair recently hit a 5-week low of 97.30.

Meanwhile, European currencies took advantage of this broad weakness, with EUR breaking above 1.3200 and quickly approaching to 1.3300, GBP reaching a 4-month high above 1.5600 and USD/CHF hitting a 1-month low.

Elsewhere, commodity currencies are soaring with AUD/USD rising back above 0.9600 after hitting a 20-month low of 0.9433 earlier on the day and USD/CAD testing the 1.0200 support area….More at USD crumbles across the board

More Reading