Dollar Steady in Asian Trading as US Markets Reopen After Holiday
The dollar held steady during Monday's Asian session after a long weekend in the US. With no high-impact data due, fundamentals and risk appetite are expected to drive the greenback.
Following the US long weekend, the dollar traded in a narrow range in Asian hours on Monday. Markets are awaiting the reopening of US equity markets later today.
No major economic releases are scheduled from the US, leaving the currency to be guided by fundamental factors. A shift toward risk-on sentiment could put downward pressure on the dollar, while risk-off flows may support it.
Traders will watch for any changes in market mood as the US session begins.
Source: FXStreet Forex News