The Dollar has traded moderately firmer, surpassing the highs seen on Friday against the Yen and Australian Dollar, among other currencies, though remaining below the highs seen on Friday against the Euro and Sterling, among others. Friday’s slew of firmer data out of the U.S. has continued to underpin the greenback, offsetting the Fed’s hawkish-to-neutral shift in policy stance and inviting narratives asserting that the Fed was too early in hitting the pause button. EUR-USD printed a low of 1.1438, which is 4 pips shy of Friday’s low. USD-JPY, meanwhile, saw a 10-day high at 109.92.
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