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Risk Assets

Dollar Down On Monday

The US dollar has kicked-off the week in a quiet fashion with the USD index hovering around the 98.10 level as of writing. The index is down slightly off last week’s highs though remains supported on the back of better US data seen last week. All eyes will be on the headline CPI reading due in the middle of this week. A strong result should see USD continue higher while any disappointment could see the correction deepen.

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EUR Higher on USD Weakness

EURUSD starts the week in the green as weakness in USD allows the single currency to advance, for now. This week, the domestic data focus will be on a slew of German readings with ZEW Economic Sentiment and preliminary GDP readings due. Given the ongoing concern for the health of the Eurozone economy, any further German data weakness should see EUR lower again. EURUSD trades 1.1024 last.

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