USD
The dollar remains on a firmer hold following Friday’s above-forecast rise in jobs and lower than the expected unemployment rate, but the DXY looks toppy around 93.500 and has not quite been able to follow its post-NFP peak (93.629) within a 93.601-290 band. Relatively light, lacklustre Monday trading volumes have been compounded by market holidays in Japan (Mountain Day) and Singapore (National Day), while the Buck may be capped by the ongoing stalemate over fiscal stimulus in Washington and some modest unwinding of bear-steepening along the US Treasury curve.
The dollar remains on a firmer hold following Friday’s above-forecast rise in jobs and lower than the expected unemployment rate, but the DXY looks toppy around 93.500 and has not quite been able to follow its post-NFP peak (93.629) within a 93.601-290 band. Relatively light, lacklustre Monday trading volumes have been compounded by market holidays in Japan (Mountain Day) and Singapore (National Day), while the Buck may be capped by the ongoing stalemate over fiscal stimulus in Washington and some modest unwinding of bear-steepening along the US Treasury curve.