Asia trade was thinned by public holidays in Japan and China that also kept a lid on volatility, leaving the greenback where it settled after a Friday leap. It steadied at $1.2029 per euro and bought 109.28 yen .
"Nevertheless," she said "the risk of short bouts of dollar strength remain if solid data push U.S. Treasury yields materially higher." U.S. manufacturing surveys are due on Wednesday followed by crucial April labour market numbers on Friday. "But will good numbers lead to a broad risk-off vibe, as traders' price in higher rate expectations, and the dollar rallies," he added. "I suspect we're getting to a point where really good data could start to become bad for markets."
The old guy is in a rush.... Spend, spend, spend is his policy. 'I have no time to waste' Sleepy Joe.
good