US Dollar Weakness Persists Despite Higher Yields; Markets Eye Upcoming Economic Data and Central Bank Decisions
• US dollar struggling, unable to capitalize on higher yields to push higher • US economic data mixed - manufacturing contracted but services expanded • Upcoming US PCE data to show if disinflationary process is continuing • Asian stocks set for mixed open today, awaiting greater cues this week • NZD/USD retesting upper channel resistance ahead of RBNZ meeting this week