The dollar is slightly higher going into European trading
The ranges for the day are still relatively narrow, but they are beginning to stretch a little with EUR/USD easing from 1.1870 to 1.1857 (still sitting in a 22 pips range though).
The greenback is also seeing mild gains against the pound and franc, while holding a slight advance against commodity currencies since Asia trading.
USD/CAD is up 0.2% just above 1.2470 but is facing some resistance from its 100-hour moving average for the time being:
The pair will be one to watch with the BOC policy meeting coming up on Wednesday.
Elsewhere, AUD/USD is down 0.2% to 0.7467 after failing to breach its 200-hour moving average @ 0.7491 on Friday with NZD/USD down 0.3% to session lows of 0.6971 currently and retreating after failing to push back above 0.7000.
This article was originally published by Forexlive.com. Read the original article here.