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USD trends in the green

FOREX
  • The Dollar is mostly in the Green going into the European session, with Risk tilted to the downside, but the Greenback has lost some decent ground against the AUD, GBP, NOK, CAD, EUR and CHF this past month, as Equities rally to multi months and year highs.
  • Yen continues to be the biggest loser on the rate outlook divergence between, the EU, UK, US vs Japan.
  • Early loser is the Kiwi, but NZDUSD still trades near Friday's high, which was its highest print since the 24th May.
  • Initial resistance is still seen at 0.6257. While support moves up to 0.6201.

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