The Dollar took a rotation higher concomitantly with a 4bp-plus spike in the 10-year T-note yield following news that the U.S. and Mexico have reached a deal on migration, which allayed investor concerns on trade. The narrow trade-weighted USD index rallied by nearly 0.5% from Friday’s 12-week low in making a high earlier at 97.91. EUR-USD concurrently receded to the lower 1.1300s after peaking at 1.1347 on Friday. USD-JPY printed a 10-day peak at 108.71, aided by a concurrent theme of modest yen underperformance amid a backdrop of rallying stock markets in Asia.
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