GBP/USD: Mix of British concerns with a rush to the dollar expose the 1.3670 critical support. EUR/USD struggles at the 1.1892 200-DMA, eyes 1.1860 support according to Credit Suisse. The dollar index was up 0.2% at 92.278, after dipping as low as 92.037 earlier Friday for the first time since March 23. The index has dropped around 0.8% this week, the largest fall so far this calendar year. USD/JPY rose 0.2% at 109.47, while the risk-sensitive AUD/USD fell 0.7% to 0.7595, after a warning from Australia’s central bank of excessive lending risk. Rising Treasury yields amid expectations that a strong economic recovery and rising inflation would force the Federal Reserve to rein in its ultra easy monetary policies sooner than originally thought led to substantial dollar gains last quarter. However, this tone has changed of late. The weekly initial jobless claims figures on Thursday actually showed U.S. unemployment unexpectedly rose last week, while the minutes for the U.S. central bank’s last meeting showed that the officials remained committed to monetary policy support for some time to come.
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