Risk aversion bites harder, US dollar rises to the best levels of the day

<p>The US dollar is at the best levels of the day as S&amp;P 500 futures extend declines to 32 points, or 0.7%.</p><p>Risk aversion is creeping in with yields rising 7 bps at the front end. Gold is now down 1.2% after rising to a recorder earlier. EUR/USD is down 63 pips and is now trading at the lowest since November 14, breaking some decent support:</p><p>There's a sense of profit-taking out there after a sparkling November.</p><p>Jim Cramer today on CNBC: "We have had such a huge rally, anybody who thinks we can continue this momentum has to take pause".</p><p>Meanwhile, this was Cramer at 3 pm ET on Friday:</p>

This article was written by Adam Button at www.forexlive.com.