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Having previously based ahead of 97, the.....>

DOLLAR
DOLLAR: Having previously based ahead of 97, the DXY rallied to 97.99 at the NY
close Friday to register its fifth consecutive session of gains. Consolidation
largely remained the theme through Asia with the index clearing 98 for the first
time since early May. A topside break of 98.10 (May 3, Apr 29 highs), opens the
double top resistance area at 98.30/35.
- The broader dollar bid tone has seen gold remain on the defensive and
approaches Friday's low at $1274.93. Below here opens the May 3 low at $1268.68,
further support is located at $1257.52 from the 200-dma, ahead of the 50%
retracement of the Oct - Feb rise at $1253.60. 
- WTI and Brent trade back from best levels after adding over $1 apiece at one
point on the back of the latest OPEC+ summit in Jeddah.
- No US data scheduled today with speeches from Fed's Harker & Clarida the main
highlights.

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