Major currencies aren’t hinting at much so far today with the dollar holding more mixed in trading so far. The ranges for some are rather subdued as the dollar gains on Friday and the start of yesterday eased slightly. The greenback remains in a good spot but a further run higher looks to have met a pause – at least for now.
Equities remain soft though with Wall Street seeing another drop yesterday. The S&P 500 is falling further below its 100-day moving average with the 4,000 mark up next. US futures are steadier today but the technicals suggest that additional downside pressure may be on the cards in the sessions ahead.