Dollar surging as gold takes a tumble

The notion of QE3 is vanishing into the either, prompting dollar perma-bears to head for the hills.

Commodity currencies are being shed, particularly the ZAR, which is closely correlated with gold.

Bids are eyed on the dips to 1.3025/30 in EUR/USD with more ahead of 1.3000 where barriers are rumored to be struck, part of 1.30/1.35 double-no-touch (DNT).

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