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The DXY touched its best levels in...........>

DOLLAR
DOLLAR: The DXY touched its best levels in 2-months Friday (97.36), before
retracing gains back under 97 at the NY close. The weaker dollar theme spilled
over into Asia, but with volumes light was largely contained to a narrow
96.70-83 range. Near-term support is seen at 96.52 from the 38.2% retracement of
95.16-97.36, below here opens the 100-dma at 96.38. Bulls need to recover the 97
level, before challenging Friday's high, ahead of the Dec 17 high at 97.45. Gold
extends the uptrend the $1325.39, a break opens the Jan 31 ytd high at $1326.33.
A softer USD & positive risk tone allowed WTI to top $56.00 overnight and
consolidates above here at typing. A reminder that the US are out today for
Presidents' Day which could have an impact on volume.
- Main focus later in the week on the FOMC minutes (Wednesday), Fed speeches
from Mester (Tuesday), Bostic (Thursday), Harker, Bullard, Quarles, Clarida &
Williams (Friday). 

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