U.S. dollar index popped back up above 80 on basically no news. NFP failed to publish today (as normally scheduled). I would have thought this development alone would be dollar negative. What do I know...anyhow!
No news is right. I did see early on that traders in Japan were covering some dollar shorts. I'm always cautious of this, as they have become a quicker trading society; ( post from September 16 ).
So much for Buddhist patience, but then again, Buddhist are too smart to invest in paper values. I think investors in Japan and maybe Europe saw #$%$ budget resolution coming soon, so there was a little covering. I had mention yesterday that some banks in Europe had taken shorts on the USD, but I was surprised by the 10- year bond movement today. That could have been a little too manipulative for a Friday with what's going on in Washington. I should say what isn't going on in Washington. Nothing new there.