The dollar has been range bound against euro and yen

Markets overnight US equity markets continued the positive streak from last week. Dow Jones index is up 0.2% while S&P500 rose 0.3% on Monday partly driven by higher-than-expected new home sales. The positive sentiment continued in Asia this morning where most indices are up. Hang Seng is up 0.7% driven by banks and steelmakers in the region. However, Nikkei has swung between positive and negative gains and is currently down 0.3%. US Treasury yields rose modestly yesterday ahead of the US