Chicago FED National Activity Index

The U.S. dollar moved higher at the start of the week as traders maintained a bullish bias despite a weaker Chicago Fed National Activity reading. EUR/USD and GBP/USD slipped, while USD/CAD tested fresh highs and USD/JPY extended its rebound.

The U.S. dollar advanced at the start of the week as traders locked in profits after a recent pullback. EUR/USD slipped from multi-month highs, while USD/CAD gained momentum and USD/JPY pressed toward key resistance despite lower Treasury yields.