The US dollar opened the week with mix results. The greenback rose against commodity currencies and the pound but it lost ground versus the euro and particularity against the yen. The Japanese currency was the best performer among majors supported by risk aversion.
In the US, bonds rallied and equity prices were falling. The Dow Jones was falling 0.11% and the Nasdaq 0.24%; both indexes were off daily lows. On the bond market, the 10-year yield reached the lowest since February at 2.333%.
Regarding economic data, traders are awaiting the minutes from the FOMC (Wednesday) and the official employment report (Friday). On Monday, the ISM report showed a decline to 57.2 in March from 57.7; despite the slide, the number was above market consensus of 57.0.
DXY remains at 2-week highs
The US Dollar Index peaked during the American session at 100.52, the highest level since March 16. Then it pulled back, finding support above 100.25.
It was about to end the day around 100.35/40, holding a bullish tone and around 2-week highs.
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