The dollar started the N.Y. week on a softer footing, though the DXY managed to edge slightly higher through the session. EUR-USD was capped under last week’s 1.1677 top, before turning sideways near 1.1660. USD-JPY managed modest gains as Wall Street erased early losses. USD-CAD firmed over 1.2740 as oil price gains seen recently began to look a bit wobbly. Cable meanwhile, remained soft following reports that 40 Tory MPs are ready to sign a no-confidence letter, though recovered the 1.31 handle briefly.
[EUR, USD]