The dollar was on the back foot for the.......>

FOREX: The dollar was on the back foot for the majority of the session, as the

euro had its 4th straight day of gains. Gold was also very much in play having a

sharp drop in early Europe with reports of CME selling, early NY witnessed a

complete reversal in the PM spiking $10, as US Tsys yields crashed. 

-AUSSIE: Recoveries off the low in gold with added support from Aud/Jpy pared

European morning losses to print fresh session highs of $0.7639 just ahead of

NY. As NY arrived a wave of dollar demand witnessed the rate drop towards

$0.7625.

- Pressure on the pair following a sharp drop in aud/jpy, as US stocks tumbled.

The rate dropped from $0.7645 to pullback lows of $0.7613.

- YEN: Sharp falls in gold linked to CME selling triggered further yen weakness,

Usd/Jpy squeezed to Y113.91 but with lack of follow through drifted to Y113.65

into NY.

- The yen received a lift as US Tsys yields nose dived printing lows of Y113.31.

-EURO: The euro was the king today and the main focus through the session. The

bullish tone remained throughout the session printing 3 weeks high of $1.1805.