While USDZAR and USDTRY have given back.......>

FOREX: While USDZAR and USDTRY have given back some of their earlier gains, the

dollar remains on the front foot versus the majors, with the exception of the

yen which is benefitting from declines in yen crosses.

- EURUSD trades at 1.1372, with the intraday rally capped at 1.1412 and the

trend remaining highly bearish. 

- GBPUSD trades at 1.2753 having failed to break above the Friday's intraday

highs, keeping the focus lower, even as EURGBP continues its decline seen on

Friday, currently trading at 0.8918.

- USDJPY is testing its daily lows as the break below its 55-DMA last week has

trigger a new bearish trend. The pair trades at 110.17, with yen crosses also

testing recent lows. AUDJPY is at 80.12, with Friday's break of the June 19 low

sending the pair into a lower trading range. 

- AUD and NZD have recovered some of their early losses but remain very much on

the back foot, trading at 0.7275 and 0.6579 respectively.