Overnight, the US Dollar gained against most other major currencies, except the Australian Dollar. AUD/USD rose from 0.7585 at the open to a high of 0.7620 so far, despite weaker than expected inflation gauge data (a private, monthly survey). The RBA will decide on interest rates this week, but is expected to keep rates unchanged. NZD/USD was choppy overnight, as it first gapped lower and opened at 0.7145, then rallied back to 0.7165 and eventually fell to a fresh session low of 0.7138.
The Pound was under pressure ahead of the official open, as there were reports that Bank of England Governor Carney will resign, but the currency retraced losses after the Financial Times released an article in which it said that Carney will not resign. GBP/USD opened at 1.2178 and traded within a 1.2175-1.2215 range in Asia.
USD/JPY gapped lower at the open, and started the new trading week at 104.40 (vs. 104.65 close on Friday). However, it quickly filled the gap and rose to a high of 104.90.
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