USD Erases Early Losses, Now Marginally Firmer

The USD erased an early downtick and now sits marginally firmer, the move off session lows came alongside an uptick in US Tsy Yields and marginal pressure on US Equity futures. BBDXY is up ~0.1%. Amid thin liquidity this morning Gold printed a record high and the greenback was pressured with the Yen leading the bid in the G-10 space.

• AUD/USD has trimmed some of Friday's gains, the pair is down ~0.3% and last prints at $0.6650/55. Locally tomorrow's RBA monetary policy decision headlines the week. Resistance comes in at $0.6711, 2.0% 10-DMA Envelope. Support is at the 20-Day EMA ($0.6525).
• Kiwi is also pressured having briefly dealt above Friday's highs this morning. NZD/USD is down ~0.2% and sits a touch below the $0.62 handle. PM Luxon said that he will publish a mini budget on Dec 20 to set out fiscal discipline.
• Yen is little changed from opening levels, USD/JPY was down as much as 0.4% before paring losses. Support comes in at ¥145.91, the low from Sep11 and ¥144.45, low from Sep 1. Resistance is at ¥148.98, the 50-Day EMA.
• Elsewhere in G10 GBP is the weakest performer in the space. GBP/USD is down ~0.3% and has breached the £1.27 handle. Support comes in at £1.2591, the low from Nov 27.
• There is a thin docket for the remainder of Monday's dealing.