The dollar weakened overall into the N.Y. open on Monday, seeing the DXY slip to a low of 89.82 in afternoon trade. The FX market was largely quiet however, with narrow trading ranges seen in the major dollar pairings. Wall Street surged higher on eased trade tensions, as Trump economic advisor Kudlow sounded optimistic. Traders will look to words from Chinese premier Xi on Tuesday, where speculation is he will calm the trade rhetoric. EUR-USD ranged between 1.2307 and 1.2330, as USD-JPY bounced around between 106.91 and 107.12.
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