The DXY fell to near one-month lows of 97.04 in early N.Y. trade on Monday, though later rallied to 97.32 as safe-haven flows into the Greenback kicked in. China’s retaliation to the upped U.S. tariffs, drove the FX market. EUR-USD peaked at 1.1263 early on, later pulling back to 1.1228 lows. USD-JPY fell to new three-month lows of 109.04 on the back of severely risk-off conditions, which saw U.S. yields and stocks tumble. USD-CAD rallied to 1.3481 highs, with risk-off and falling oil prices supporting. GBP-USD fell to 1.2941 from 1.3040 through the morning session.
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