A growing number of hung on the players in shorts dollar

The number of those who convinced themselves and others that the dollar's decline resumes, multiplying by the hour. By EverBank World Markets, about which we wrote in the previous comments, add at least another three. US employment report suggests a decent expansion of the labor market, but there is little change in the forecast regarding the Fed's policy will have a limited impact on the market in the long term, said Matt Weller, senior market analyst at Faraday Research in Grand Rapids, Michigan. "The dollar is definitely ripe for a short-term rally, but on its own report today is unlikely to lead to major long-term success of the first world reserve currency", - he says. The underlying dynamics of dollar sentiment is still bearish in nature are, even after the employment report, which was solid across the board, says Minh Trang, a senior currency trader at Silicon Valley Bank. "Today we got some rise in the dollar, but it is felt that it is more profit-taking after the growth of the euro," - he says.