Overview: As North American traders return to their posts to put the finishing touches on the week's activity, the Dollar Index is extending its advance for a seventh consecutive session. If sustained, it will be the longest advance since February 2017. The rally was sparked after the dovish FOMC statement had sent the greenback lower and the employment data raised the possibility that the Fed overreacted to the stock market volatility.
The S&P 500 turned back from the 200-day moving average and gapped lower yesterday (~2719-2724) setting the tone for the still holiday-thinned Asian markets,