Tepid tones in early trades
- German DAX futures -0.1%
- UK FTSE futures -0.1%
- Spanish IBEX futures -0.1%
This mirrors the mood in US futures, with S&P 500 futures down 0.1% as well as equities are a fair bit cautious to start the new week. In Asia, the Nikkei closes down 0.2% while the Hang Seng is down 0.6% and Shanghai Composite down 0.4%.
That is keeping some light pressure on commodity currencies but it is mostly a dollar play as the greenback is slightly higher across the board to start the day.
The aussie is the laggard as AUD/USD is down 0.4% to 0.7395 - not helped by a continued climbdown in AUD/NZD from 1.0600 since last week.
