US dollar sellers have sprung into action as New York returns from a long weekend.
The dollar is at the lows of the session with GBP and AUD as the big winners for the second day. Gold is also benefitting in a rebound from the weakness late last week.
S&P 500 futures are up 8 points fter the big rally to close out last week. Shares of Nvidia are up 3.3% to $1100 in the premarket.
A big help is coming from the bond market with US 2-year yields down 4.6 basis points to 4.91% in a sign the market is feeling more optimistic about rate cuts.
AUD/USD 10 mins:
This article was written by Adam Button at www.forexlive.com.
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