The dollar recovers some ground after the drop yesterday

The dollar is advancing to the highs for the day ahead of European morning trade today, with EUR/USD seen slipping to 1.1871 and USD/JPY rising to 108.91 currently.

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The former is easing from 1.1900 as sellers keep near-term control and are still staying in search of a firmer test of the 200-day moving average (blue line) @ 1.1832.

Elsewhere, the greenback is also maintaining a modest advance against the commodity currencies with USD/CAD up 0.3% to 1.2680 and AUD/USD down 0.5% to 0.7670.

US Treasury yields are keeping a touch higher, with 10-year yields up 1 bps to 1.537%, though keeping lower compared to the levels seen last Friday and on Monday.


The risk rebound yesterday is also fizzling out as US futures are seen down 0.2% after a more solid session yesterday.

It may be a relatively quiet one in Europe with the push and pull this week still playing out ahead of the 10-year Treasury auction in US trading later.

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