The US Dollar rose overnight, especially against the Yen and the British Pound. The currency received additional support from solid US employment data released on Friday, which helped it recover after two days of losses. Meanwhile, the Pound came under renewed pressure as the "hard Brexit" option seems increasing likely. GBP/USD opened around 1.2240 in Asia, down from 1.2280 at the Friday closed. It almost closed the gap in the early Asian session, but eventually resumed the decline and fell towards 1.22.
The Euro remained quiet and traded in a 1.0522-44 range in Asia. The commodity currencies rose slightly, but the topside was capped at 0.7330 in AUD/USD and 0.6975 in NZD/USD.
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