The dollar largely consolidated gains........>

DOLLAR: The dollar largely consolidated gains overnight amid a quiet session

with light volumes. AUD sits bottom of the pile after the release of soft AU NAB

Business Conditions and confidence data.

- The DXY remains at elevated levels but has so far failed to clear Friday's

high at 97.44. A topside break opens 97.77/78 which represents the 76.4%

retracement level of 98.37-95.84 & Jun 18 high, above here opens a run at the

98.00 level (not traded above since late May).

- Gold retraced back under the $1400 level yesterday. Recovery efforts have so

far remained shallow at the European crossover, held to a tight $1390.84-1396.52

range. Monday's low provides near-term support at $1386.80, ahead of the 21-dma

& Jul 1 low at $1384.70/$1381.90.

- WTI & Brent trade around $0.25 lower than their respective settlement levels

at writing.

- Quiet on the US data calendar today with JOLTS the main release at 1400GMT.

Speeches also scheduled from Fed Chair Powell & Vice Chair Quarles on stress

testing. Fed Bullard & Bostic also speak at Washington university.