US dollar slides further as equities continue to sizzle ...Middle East

The US dollar is making fresh lows for the week as the stock market sizzles.The S&P 500 is up 1.1% and the Russell 2000 up 2.8% in a broad rally in risk assets after a jobs report that painted a benign picture of the economy. The market is now pricing in 98 bps in US rate cuts next year, up about a quarter-point from the start of the week.The US dollar index is down 1.0% in its worst day since July.That's a notable chart as it falls through support. I'm not a big fan of the dollar index but there have been some USD breakdowns today, including against GBP and EUR.The Australian dollar is also closing in on the September highs. This article was written by Adam Button at www.fo

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