A broadly weaker USD in early Asia pared.....>

DOLLAR: A broadly weaker USD in early Asia pared losses at the European

crossover to sit flat on the session. The dollar index comfortably holds above

the 50-dma, last at 95.37. Consolidation above the 21-dma (95.55) can look to

challenge the double top resistance area through 95.70/75. Bulls need a break of

96.00 before any attempts can be made at the ytd highs of 96.98. Gold breached

the 21-dma yesterday to briefly make a show under $1190. Recovery efforts have

so far remained shallow through Asia, tied to a narrow $4 range. Near-term

support is seen at $1187.37 which represents the 50% retracement of

$1160.39-1214.35, a break opens $1183.22 (Aug24 low).