UJPY - Delta Variant Saps Risk Taking Appetites Sending The Greenback Higher Even As Rates Fall

• Concerns that the Delta mutation will slow or even reverse the recovery efforts appear to be sapping risk-taking appetites.
• The surge of the Delta virus and reports of a "Delta plus" mutation gaining ground is emerging as a powerful economic and political factor.
• The dollar rides high, with the Scandis and dollar-bloc currencies off leading the move with losses of mostly 0.3%-0.7%, with the Canadian dollar being tagged for more than 1%.
• OPEC+ struck a deal yesterday that had been rumored last week.
• The US economic calendar is dominated by housing markets reports (starts and sales) and the preliminary PMI at the end of the week.

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