USD
The Dollar has drifted down from Friday’s highs following a Wall Street recovery rally that has filtered through to APAC and EU equities to varying degrees. However, the DXY remains anchored around the 94.500 level and for once may derive some underlying support into month/quarter end given at least one bank model signalling a buy vs the Eur based on a relatively strong rotation into stocks from bonds to balance asset positions. Meanwhile, on an especially quiet Monday in terms of data, option expiries may have more influence on direction alongside another heavy slate of Central Bank speakers. The index is currently holding within a 94.344-640 range after reaching 97.745 at the tail end of last week, but the Buck is still maintaining strength vs EM currencies and extending gains against some.
The Dollar has drifted down from Friday’s highs following a Wall Street recovery rally that has filtered through to APAC and EU equities to varying degrees. However, the DXY remains anchored around the 94.500 level and for once may derive some underlying support into month/quarter end given at least one bank model signalling a buy vs the Eur based on a relatively strong rotation into stocks from bonds to balance asset positions. Meanwhile, on an especially quiet Monday in terms of data, option expiries may have more influence on direction alongside another heavy slate of Central Bank speakers. The index is currently holding within a 94.344-640 range after reaching 97.745 at the tail end of last week, but the Buck is still maintaining strength vs EM currencies and extending gains against some.