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US dollar gains traction in early trading

European currencies and AUD under pressure

The US dollar is gaining momentum in early Asia-Pacific trading. The dollar declined on Friday against the Swiss franc, yen, euro and sterling on Friday. Those gains have been eroded in early trading.

The Australian dollar sagged on Friday and it has continued lower. AUD/USD peaked shortly after last week's blockbuster employment report and has been in full retreat ever since.

The top performers so far today are JPY and the beaten-up Canadian dollar.

It's way too soon to draw any conclusions. The BOJ Tankan is due up shortly.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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