Dollar gives back some of its post-Fed gains ...Middle East

In the case of EUR/USD, the pair is up 0.4% to near 1.0400 but is holding just below the figure level for now with large option expiries in play as noted here. That might help keep a lid on things before we get to the US weekly initial jobless claims later.

Elsewhere, AUD/USD is also seen up 0.3% to 0.6238 now after having run into a test of the 0.6200 level:

So far, it's all just a soft retracement to the moves yesterday and we're seeing a similar mood play out in broader markets as well.

S&P 500 futures are up 0.4% while gold is up 1.1% to $2,616 on the day currently. In the bond market, 2-year Treasury yields are down 2.6 bps to 4.33% but 10-year Treasury yields are holding steadier at 4.52%.

This article was written by Justin Low at www.forexlive.com.

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