A bit of a pullback after last week’s rally
European equities are little changed on the day with US futures also meandering after the surge higher on Friday. The market is calm but so far, the dollar slump is overshadowing everything else with stock traders looking less interested on the session.

Bundesbank remarks in its monthly report on the German economy

Dollar gets no reprieve from softer Treasury yields
10-year Treasury yields are keeping with the break below 1.60% as they are seen down more than 2 bps to 1.559% currently. The low today hit 1.550%.

AUD/USD buyers look towards 0.7800 next
AUD/USD is up 0.6% to 0.7780-85 currently and is trading to its highest level since 18 March, as buyers now take aim at the 0.7800 handle.