Euro Bid In Europe But Unlikely To Sustain Gains Through North America

News Snapshot:

Oleg Elkov Overview The dollar is beginning the new week mixed. The dollar bloc currencies and Japanese yen are softer, while the European currencies are firmer today. Among emerging market currencies, central European currencies are trading higher. The Turkish lira is the notable exception. It is the weakest currency today, off about 0.65%. The Chinese yuan is a little softer, but the dollar continues to be capped near CNY7.20. Last week, more often than not, the North American session saw the dollar trade higher, and we suspect that pattern may continue today. The euro is setting session highs as North...