The US Dollar gained against most major currencies overnight, following hawkish comments from Fed member Fischer. EUR/USD opened around 1.1320, mostly unchanged from Friday's close, and declined to 1.1270 overnight. GBP/USD fell from 1.3080 to 1.3035. The Pound came under pressure on Friday after news emerged that the UK will trigger Article 50 (required for a Brexit) as soon as April of next year.
USD/JPY started the new trading week at 100.40, slightly higher than Friday's close of 100.20. It extended gains later in the session, reaching 100.85.
Commodity currencies were under pressure too, with AUD/USD falling from 0.7630 to 0.7585 and NZD/USD declining from 0.7265 to 0.7215. The Canadian Dollar reversed as well, as the rally in Oil paused. USD/CAD rose from 1.2875 in the early Asian session to a high of 1.2925 so far.
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