Dollar's pullback likely limited - BBH

Analysts at Brown Brothers Harriman explained that after a three-week rally, the dollar bulls finally showed signs of tiring ahead of the weekend.  

Key Quotes:

"Technical indicators have begun rolling over from over-extended conditions. Nevertheless, the dollar's pullback is likely limited in time to the first part of the week ahead, and in scope to only modest retracement targets ahead of the US employment data, the Italian referendum, and the Austrian presidential election on December 4.  

We have suggested that the dollar's advance was fueled by the divergence that had little to do with the US election.  It is clear from Fed comments and the minutes from the November FOMC meeting that officials were prepared to hike rates regardless of the election outcome.  Moreover, subsequent data has been mostly better than expected."