Morning forex briefing
The Greenback continued to grind
lower overnight after starting Asia about
unchanged from New York trade Wednesday. Initially seeing a brief rally before
European trade, the USD fell back to trade at the bottom end of the recent
consolidation range; traders noting that volumes are quiet and no real money
accounts appear to be active. Analysts are divided on the near-term direction
of the USD; some suggesting that the majors are overbought and due for a
correction—