The US dollar index pared most of its gains after
the dismal US jobs data.

US initial jobless claims rose 22000 to 231k in the
week ending May 4th, compared to a forecast
of 210k. The weak US jobs renewed the chance
of a rate cut by the Fed in June.

Hawkish remarks from the Presidents of the
Federal Reserve in Richmond and Minneapolis
supported the Us dollar prices at lower levels.
According to the CME Fed watch tool, the
probability of a no-rate cut in June increased
to 91.5% from 85.6% a week ago

Major resistance- 105.40/105.60
Major support- 104.50/103.80