Markets still finding its footing to start the new week
The greenback is in a mixed mood - slightly weaker - to begin the morning following losses seen last week, whereby we're seeing some key technical levels be challenged.
At first glance of the major currencies snapshot, it's suggestive of a more risk-on mood but that's hardly the case with equities sentiment rather mixed and Treasury yields near flat levels on the session currently.
The aussie is leading gains after RBA governor Lowe's remarks earlier put into question the effectiveness of rate cuts ahead of next week's central bank meeting. That said, odds of a cut remain high (cash rate futures ~84%) and that should prevent the aussie from running away too far over the next few days.
The loonie is also performing decently well amid further gains in oil prices as Middle East tensions continue to escalate between the US and Iran.
Other than that, most major currencies are sitting in narrower ranges as markets try to get a grip on things ahead of US-China trade talks this week which will be capped off by a Trump-Xi meeting in Osaka on 28-29 June.
