EUR/USD

Dollar Consolidates Before US Data, NOK Gains

A gauge of the dollar steadied as investors waited for a slew of US economic data due this week for clues on the Federal Reserve's policy path. The Norwegian krone gained as oil stayed near this year's high. 

The Bloomberg Dollar Spot Index was little changed ahead of factory orders and PMI data due Tuesday. Traders will also be parsing speeches from Fed officials later this week.

Treasury 10-year yields rose one basis point to 4.19%, after falling seven basis points last week.

USD/NOK fell as much as much as 0.2% to 10.5020 after OPEC+ extended its oil supply cutbacks to mid-year in a bid to avert a global surplus.

NZD/USD slipped 0.2% to 0.6097.

EUR/USD gained 0.1% to 1.0845 before Eurozone investor confidence data.

Source: Bloomberg

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