Dollar Grinds Higher as Data Cadence Slows
The US dollar is trading with a consolidative bias this morning, advancing steadily against its major rivals ahead of this week’s thinly-populated data calendar. Treasury yields are up, North American equity futures are positioned for a healthy open, and oil prices are inching higher on a ratcheting up in geopolitical tensions in the Middle East. Markets are becoming more focused on the risks associated with the upcoming US presidential election. Option prices are beginning to ratchet up around the polling date, trade-sensitive currencies are softening, and ten-year Treasury yields are moving higher at a steady pace, with many market participants...