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Greenback Extending Lower Amid Firmer Risk Sentiment

LATAM
  • The greenback trades lower early Monday, extending the downtick off last week's highs. Early dollar weakness is accompanied by general strength in equities at the European open, with US stock futures indicating a positive open later today.
  • This places the USD Index well through last Wednesday's lows, extending the pullback from the Thursday high to around 1.75%.
  • G10 data releases are few and far between Monday, with the central bank speaker slate similarly quiet. Both the ECB and the Fed have entered their pre-decision media blackouts, which could dampen volatility headed into both their respective rate announcements this week and the next.

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