USD: Recent gains are being trimmed today - BBH

Research Team at BBH, notes that the US dollar's recent gains are being trimmed today, and it is down against all the major currencies. 

Key Quotes

“Many emerging market currencies, including the Turkish lira, Indian rupee, and Hungarian forint are firmer today."

“The dollar's losses are minor, and the forces that drove it higher remain intact.  One of the most important of these drivers has been the increase in US interest rates, and US yields are 2-3 bp higher today.  The recent string of economic data leaves the Fed set to hike rates next month.  Next week's November employment report is seen as the last potential hiccup on the way to a rate hike. However, most are looking for an improvement in job creation after the 161k increase in October.”