The Dollar was mostly lower overnight, taking the DXY to 89.91 lows, and under Friday’s post-jobs report low of 90.03. Treasury yields edged slightly higher on the session, though remained well below levels seen before the employment report. This was the likely driver of USD weakness on Monday. There was nothing in the way of data to move markets. Wall Street was mostly lower, leaving the S&P 500 and the DJIA modestly underwater, and the NASDAQ with shallow gains at mid-afternoon. Investors remained largely sidelined after Friday’s gains, and ahead of this Thursday’s key U.S.

The dollar has lifted out of its post-U.S. jobs report lows, as has the 10-year Treasury yield. Both remain well off their pre-data levels, however, being modestly firmer in a “dust settling” trade following the sharp drops that both the greenback and longer-dated bongs saw in the wake of the data miss on Friday. The DXY USD index earlier scaled to a rebound high of 93.30 after printing a low at 90.03 on Friday. The 24-day high that was seen ahead of the U.S. data is at 90.63. The U.S. jobs report hit a sweet spot or sorts — being neither too cold nor not too hot.

The dollar has lifted out of its post-U.S. jobs report lows, as has the 10-year Treasury yield. Both remain well off their pre-data levels, however, being modestly firmer in a “dust settling” trade following the sharp drops that both the greenback and longer-dated bongs saw in the wake of the data miss on Friday. The DXY USD index earlier scaled to a rebound high of 93.30 after printing a low at 90.03 on Friday. The 24-day high that was seen ahead of the U.S. data is at 90.63. The U.S. jobs report hit the sweet spot — being neither too cold nor not too hot.