US Dollar (USD) inched higher overnight, in absence of data. DXY was last at 98.03 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The Canadian Dollar (CAD), with the Australian Dollar (AUD) and New Zealand Dollar (NZD), are mild outperformers on the session so far today, bringing some minor relief for the CAD on the crosses, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
Pound Sterling (GBP) is likely to consolidate between 1.3520 and 1.3585. In the longer run, outlook for GBP remains positive, and it may rise to 1.3620; the chances of it reaching 1.3660 this time around are more limited, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.