Dollar stretches gains on the session

Technical Analysis

The dollar continues to pick up from where it left off last week

European indices are keeping slightly lower but more tepid in general while S&P 500 futures are seen down 0.2%. That points to a more subdued risk mood but nothing too defensive on the session so far.

However, the dollar continues to go from strength to strength as it keeps a modest advance against the major currencies bloc so far – likewise is the yen.

Commodity currencies are leading the decline today, with AUD/USD nearing a two-week low in a drop to 0.7663:

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