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Dollar slips back heading into the US stock market opening- GBP/USD reclaims 1.2500
The dollar has just taken a lurch lower and that has now seen the GBP/USD recover the earlier fall to below 1.2450. It was noted here already; that move seemed rather out of place. The EUR/USD has bounced too and the USD/JPY has backed away from the 156 handle without actually testing that Fibonacci level at 156.01. The drop back in the dollar comes as the US stock futures recover, but once again that is rather mixed because right now the Dow Jones futures are still slightly in the red.
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