- The USD / CAD lost momentum and fell to the 1.2480 zone, as the dollar fell.
- The dollar lost strength after the rise in Treasury bonds.
The The dollar lost momentum and marked lows for the day against most of its rivals. The USD / CAD, which had reached 1.2530 in the Asian session, fell to 1.2480, reaching a low for the day.
The drop in Treasury yields put pressure on the greenback. The 10-year rate that had reached 1.75% fell to 1.67% on Monday. This led to the dollar index (DXY) returning below 92.00.
The negative tone of the dollar may have to be limited. USD / CAD is approaching 1.2500. Against the CAD, there is the climate in the markets. The futures of the major Wall Street indices operate on mixed terrain. While in Europe, red dominates, with some exceptions. The events in Turkey involved a blow at the start of the week.
Looking ahead to the next few hours, the economic calendar shows the US existing home sales report as relevant events. Federal Reserve officials will also speak. The focus is expected to remain on the bond market and stocks.
Technical levels
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