The EUR/USD pair dropped further and broke below 1.1700. It bottomed at 1.1670, the lowest level since last Thursday. From day’s top lost 90 pips and the negative tone remains intact. As of writing, the pair trades at 1.1680/85, down for the second-day in-a-row and having the worst performance since the beginning of the month. The greenback reached fresh highs across the board during the US session. DXY Futures broke above 94.15/20 and hit 94.41, the highest level in a week, extending the recovery from 93.39 (Jul 9 low). US Dollar gains appear to be supported by data released today (higher-than-expected US PPI ahead of tomorrow’s CPI), EM concerns and comments from Fed’s Evans supporting more rate hikes. (source: fxstreet)