The euro held at $1.773 on Monday, having hit a two-year high of $1.1915 last week, which now acts as major resistance. Support comes in around $1.1755 and $1.1694. Turnover was light with Tokyo on a holiday and considerable uncertainty on whether U.S. policymakers can agree a new package of fiscal support for the virus-hit economy.
SYDNEY: The U.S. dollar was trying to keep a rare rally together on Monday as its longest losing streak in a decade left much of the market structurally short of the currency and vulnerable to a squeeze on any upbeat news.
Bears were caught out by a better payrolls report on Friday, which pushed Treasury yields higher into this week's massive $112 billion debt sale. Yet the dollar still ended lower for the seventh week in a row.
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