The dollar sits broadly weaker at the NY.....>

DOLLAR: The dollar sits broadly weaker at the NY crossover with the DXY near the

base of its 96.29-58 range. Downside focus turns to the 96.00/10 area which

holds key support from the 100-dma & a series of previous lows. A break here

opens 95.75 which represents the 50% retracement of 95.02-96.48, ahead of the

Jan 15 low & 76.4% fibo at 95.46/36. EURUSD trades back above broken trendline

support-turned-resistance to $1.1350. GBPUSD reclaims $1.31 with topside focus

on the Asia high at $1.3139. A close above the 200-dma & trendline resistance at

1.3059/82 today stabilises the outlook. Commodity tied FX have witnessed modest

gains but are contained to narrow range trade. With no US data scheduled today,

position squaring ahead of the weekend could see light volumes and choppy trade

for the balance of the session.