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Dollar index (USDX) steadies above technical support ahead of US jobs report

Leaving aside the swings in the USD/JPY over the past 24-36 hours, the dollar has been holding steady at upper levels versus the European currencies. However, such was the slide in the USD/JPY yesterday afternoon ( to 141.71), that it did impact the dollar index (USDX) and the rise later to 1.0818 in the EUR/USD added further pressure too. So, the USD index fell back to 103.27 after the 4pm London fix. That meant it also fell below its 200 day moving average (now at 103.56), but importantly, it did not close below that level last night. It has rebounded with the USD/JPY today though and risen a couple of times to 103.80. That price level has capped a few attempts on the topside so far this morning. Of course the US monthly jobs report (1.30pm GMT) could have a determining role to play on this ahead of the weekend. 

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