The dollar has started the week on a softer tack amid an improved risk appetite sentiment and firmer stock markets. The narrow trade-weighted USD index (DXY) is down 0.3%, near the day’s low at 90.08, which is a two-session low. EUR-USD has lifted to the upper 1.22s, logging a peak at 1.2297 after opening in Asia-Pacific markets just under 1.2250. Cable and AUD-USD have seen a similar price action, and USD-CAD has logged two-session lows. USD-JPY has also ebbed, making a low of 108.56, though the pair has remained comfortably above Friday’s five-month low at 108.04.
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