The DXY briefly traded below the 100-dma.....>

DOLLAR: The DXY briefly traded below the 100-dma (94.88) to 94.78 yesterday, but

managed to recoup losses late in the NY session. Comfortably holding above 95.00

through Asia, the index extended to 95.25 at the European crossover as the USD

built solid gains across most of G10. Near-term resistance is seen at 95.46

which represents the 50% retracement of 96.14-94.78, a break here can look to

challenge the 96.00 level, ahead of the double-top resistance area at 96.10/15.

Bears need a close below the 100-dma, turning focus toward 94.70, the 61.8% fibo

of 93.81-96.15. Gold has so far failed to build on gains above $1230, with the

subsequent retracement extending back under the 100-dma ($1226.69) to $1222.50.

Option-expiries of note today. USDJPY Y111.75-90($1.88bn), Y112.95-00($1.26bn).

AUDUSD $0.7125(A$1.11bn).