The Dollar headed lower again in N.Y. on Monday, weighed down partly by cooler PCE chain prices, and partly by continued profit taking following the near two-year highs seen last week. Income data was a bit soft, though spending beat consensus. The DXY slipped under 97.85 from 98.10 highs. EUR-USD topped at 1.1186 opening near 1.1150. USD-JPY peaked at 111.90, later dipping to 111.75. USD-CAD topped over 1.3475, then eased into 1.3440 as oil prices recovered. Cable bottomed at 1.2906, later recovering toward 1.2940.
[EUR, USD]