The Dollar's winning streak continues, as it extended gains against most other major currencies overnight. USD/JPY opened around 110.90 and after a decline to 110.65, it rallied above 111 and extended gains to 111.20 so far. AUD/USD recovered to 0.7340 in the early Asian session, but came under renewed pressure after the Tokyo open and fell to 0.7310. NZD/USD declined to 0.6985, a fresh four-month low. The Euro bounced to 1.0615 in the early Asian session, but selling interest remains high on any rally. The topside was capped at 1.0615 and EUR/USD fell back to 1.0590.
Precious metals rallied shortly after the open, but failed to sustain momentum. Gold rose from $1205 to $1214, but fell back to $1210 after the Tokyo open. Similar price action was seen in Silver, which rallied from $16.50 to $16.70, but retraced back to $16.58 later in the session.
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