The greenback leads gains against the rest of the major currencies bloc
Trading ranges remain relatively narrow for the most part but the dollar is the one holding firm against other major currencies as we begin the day. Risk sentiment remains subdued and that is not offering much to currency traders to work with as we await European traders to join in on the action.
The aussie and kiwi are the two currencies that are on the back foot following poor Chinese data once again. The RBA meeting was very much yet another non-event so that failed to inject any volatility in the aussie during Asia Pacific trade.
Looking ahead, there's a couple of economic data points up on the agenda but trading sentiment will be largely dictated by the ebb and flow. The dollar looks to be making some headway against other major currencies - from a technical perspective - so let's see if we get an extension of that in the session ahead.
