Dollar recovers some poise after Friday drop

<p>The dollar is holding higher across the board today as a rebound in bond yields is also helping. 10-year Treasury yields are up 5 bps to 4.116% and that is helping to prop up the greenback as well. Of note, EUR/USD is down 0.4% to 1.0966 at the lows for the day:</p><p>The pair threatened a rebound back above 1.1000 only to fall back now as sellers are starting to seize back near-term control. Euro sentiment isn't the best at the moment amid worsening economic data and a looming ECB policy pivot. Meanwhile, it seems like traders have figured out the Fed outlook and we'll see if the US CPI data this week will further validate that.</p><p>For EUR/USD, the 100-day moving average (red line) is the key technical spot to watch and that sits at 1.0921 currently.</p><p>USD/JPY is also seen up 0.4% now to 142.40 as buyers look to hold a rebound back above the 142.00 mark while USD/CHF is hoping to move towards testing the 0.8800 mark once again, up 0.5% to 0.8770 currently.</p>

This article was written by Justin Low at www.forexlive.com.