Dollar won't go down without a fight | FX Research

Currencies were attempting to run higher against the dollar earlier today.

Before giving back many of those gains as the North American market opened, the euro had benefited early on from a run of mostly supportive economic data and higher inflation rates.

Though with investor sentiment souring, there was a flow back towards the U.S. dollar.

U.S. employment data came in stronger, though this was offset by softer growth figures.

The market is now looking ahead to U.S. pending home sales. In the commodities world, gold continues to shine, extending its record highs as worries over inflation persist.

Earlier today, Australian inflation data came in softer, resulting in fresh multi-day lows for the Australian dollar.

And in cryptocurrencies, there's plenty of attention around Bitcoin’s price and the expectation that it may soon reach another record high, beyond the existing record from March of this year.

Exclusive FX research from LMAX Group Market Strategist, Joel Kruger