The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding around and trading around 98.00 during the early European hours on Monday.
The US Dollar (USD) has firmed modestly against most major currencies in overnight trade, with the Japanese Yen (JPY) and Pound Sterling (GBP) bucking the trend. The JPY is outperforming in the wake of comments from US Treasury Sec.
The US Dollar (USD) is ending the week mixed to slightly firmer overall though the broader trend in the DXY remains soft and sentiment retains a bearish undertone, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.