It's a quiet last few hours as we await European markets to open
The dollar started the day on the backfoot after the reality of a US government shutdown hit, but even though it's set to stretch into the first working day of the week, markets are not too phased by it and the dollar has pared losses ahead of European trading.
Most major currencies are barely changed on the day now, as we're seeing less than a 0.1% difference compared to Friday's close. Ranges have not been too shabby though, but where we are now is a result of the fade trade - where most currencies who opened with a positive gap over the dollar surrendered gains in Asian trading.
Other than that, not much else is happening at the moment in the market. Equities continue to shrug off any negativity, while oil prices are holding up thanks to weekend news that OPEC and Russia may look to extend current production cuts beyond its current deal. Meanwhile, gold is just a little lower by 0.05% at $1,331.17 and cryptocurrencies are holding their own so far as we start off the week.
