The dollar encountered renewed pressure......>

DOLLAR: The dollar encountered renewed pressure across G10 yesterday, the DXY

briefly traded under 97 before forming a base ahead of the close. Volumes

remained light through Asia, equities were mixed and the USD held heavy. The

dollar index flirts around the 97 handle at the European crossover with

near-term support from the 50% retracement of 95.76-97.51 & 100-dma at 96.64/59.

Bulls need to re-test the 97.30-50 zone, before challenging triple top

resistance at 97.71.

- Gold touched recovery highs of $1303.79 yesterday, before drifting back under

$1300 into the close. Consolidation has largely remained the theme through Asia

with the yellow metal holding in the middle of its $1296.68-1300.11 range.

Topside focus remains on the 55-dma at $1306.90, ahead of the 61.8% retracement

level of $1324.63-1280.95 at $1307.94. The 100-dma provides key support at

$1285.75.

- Oil futures remain at elevated levels, off multi-month highs. Crude last

$64.40, Brent $71.03.

- Quiet calendar today, main highlights from NFIB (1000GMT) & JOLTS (1400GMT).