On Friday the US dollar turned lower despite good labor market numbers and the move led investors to wonder if the greenback peaked, paving the way for bottom in euro, sterling and other major currencies. On a fundamental basis, the US dollar should be attractive because the US economy is outperforming its peers and the Fed is more hawkish than other central banks but technically, having fallen to multi-month lows, EUR and AUD are vulnerable to a further short squeeze that could take these and other currencies higher. Even though the greenback fell after Friday’s labor market report, job growth exceeded expectations ... (full story)