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USD: The Dollar trades in the red against G10s

USD
  • The Dollar is on the back foot going into the European session despite the push higher in Yields, the SEK is the best early performer with the Scandie trading in the green across G10s, albeit still within past ranges.
  • The SEK is testing new early intraday high versus the NOK, EUR and USD.
  • While most will look at Friday's low of 10.7043 as initial support, better is seen towards 10.6000 in USDSEK.
  • The Swedish Mfg PMI was better than last, but not a known market mover.
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  • The Dollar is on the back foot going into the European session despite the push higher in Yields, the SEK is the best early performer with the Scandie trading in the green across G10s, albeit still within past ranges.
  • The SEK is testing new early intraday high versus the NOK, EUR and USD.
  • While most will look at Friday's low of 10.7043 as initial support, better is seen towards 10.6000 in USDSEK.
  • The Swedish Mfg PMI was better than last, but not a known market mover.