The US Dollar consolidated near multi-decade lows against most major currency pairs, but a sharp British Pound rally led it to fresh 26-year peaks against its cross-Atlantic counterpart.

The US dollar once again set significant lows against major trading counterparts, with the morning’s Trade Balance data doing little to stem bearish momentum.

The US dollar plummeted to fresh record lows against the euro and multi-decade depths against the British pound, as a sharp drop in bond yields left the greenback with little fundamental support on the day's price action.

The US dollar failed to move higher through late New York trade, as a stronger-than-expected Non Farm Payrolls report led to a fresh wave of selling across USD-denominated currency pairs.

The US dollar continued lower for the fifth consecutive trading day, but a late wave of profit-taking lifted the Greenback through mid-day New York price action.

A steady rising trend channel has been in control of price action for four months in the USD/JPY currency pair.

There were few indicators gracing the economic calendar this morning; and none of them had much hope of generating any considerable price action on their own in any case.

The fundamental light was burning bright for the dollar Wednesday morning, though the currency itself has yet to make a break against its major pairings.

While there was quiet a bit of activity in the fundamental channels this morning, dollar price action didn’t seem tuned into the same wavelength.

The sole economic release out of the US on Monday sent an unsurprising message: the housing market is still crumbling.