In the aftermath of its recent surge, the dollar has undergone a period of consolidation, maintaining slightly lower levels. Notably, the Swiss franc stands as the sole G10 currency struggling to make headway against the greenback today.
Across the Asia Pacific region, equities have seen a rally, particularly led by gains in the Hang Seng and mainland shares trading in Hong Kong. Meanwhile, Europe's Stoxx 600 index appears to be holding steady following a minor uptick yesterday. US index futures are showing modest gains, while gold continues to trade above the $2190 mark, having closed last week near $2186.40.
Additionally, May WTI crude oil is trading within a narrow range around $82.

Asia Pacific
The currencies of the three largest economies in the Asia Pacific region continue to show weakness. Despite the Bank of Japan's recent rate hike, yen selling persists, prompting heightened verbal defense from Ministry of Finance officials, with intervention not ruled out.
Market movements, influenced by the PBOC fix, have driven the greenback above CNY7.20, reaching almost CNY7.23 before the weekend.
Meanwhile, the Australian dollar, following a notable drop last Thursday and Friday, saw marginal upticks, albeit without strong conviction, stalling near the five-day moving average.

Europe
After experiencing a decline of nearly 1.5 cents in the previous two sessions last week, the euro managed a modest recovery of 0.4 cents yesterday and is showing slight upward movement today. However, for a more substantial rebound, the euro would need to overcome resistance in the $1.0860-65 range.

Similarly, sterling, having slid approximately 2 1/3 cents last Thursday and Friday, made a partial recovery to around $1.2650 yesterday, with further upticks to nearly $1.2665 today. A decisive move above $1.2700 may be necessary to stabilize its trajectory.
Notably, the latest CFTC report indicates a reduction in the net long speculative sterling position for the first time in four weeks.

America
Today's US data is anticipated to reveal a slight rebound in durable goods orders following January's significant 6.2% decline, alongside a modest increase in house prices, expected to raise the year-over-year figure to approximately 6.6%, the highest since November 2022.

The US dollar, having found support near CAD1.3570 yesterday, has since dipped to around CAD1.3565 today, with potential downside risk toward CAD1.3540-50.