The Dollar firmed up some in N.Y. trade on Monday, though the DXY remained below Friday’s near three-week top, peaking at 97.42. There was no data to drive the market, though following the much better June jobs report, Dollar dip-buying remained in vogue, as traders priced out aggressive Fed rate cut moves. EUR-USD matched Friday’s 1.1207, while USD-JPY printed 108.73 highs. USD-CAD found support as oil prices pulled back, rallying to highs just under 1.3100. Cable found support into the 1.2500 level.
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