The Dollar headed lower overnight, taking the DXY 97.06 lows from overnight highs of 97.46, and from 18-month highs of 97.71 seen on Friday. Incoming U.S. data included a sharp drop in the Empire State index, and a softer NAHB housing index, which put some downward pressure on the Greenback. Wall Street imploded again, leaving yields lower. EUR-USD stuck to a narrow range, topping at 1.1358, while USD-JPY posted one-week lows of 112.71 as risk-off conditions prevailed. USD-CAD traded over 1.34 as oil prices dropped, while Cable was stuck on either side of 1.2600.
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