- Emerging market currencies are also mostly stronger, and the JPMorgan EM FX Index is rising for the third consecutive session, the longest streak in a couple of months.
- The euro has extended the rally that began last Friday after reaching a new low for the year (~$1.1515). Similarly, sterling, which approached $1.34 at the end of last week, is straddling the $1.36 area late in the European morning.
- The US dollar tested the 200-day moving average against the Canadian dollar (~CAD1.2480) ahead of the weekend.
For further details see:
Falling Yields Give The Yen A Boost