The dollar was steadier to start the session but is finding itself on the backfoot as stocks turn positive with European indices seen up around 0.2% to 0.4% while US futures are up 0.3% on the day. That comes after a tepid start to proceedings but I wouldn’t look too much into the risk advance as the Fed will ultimately be the key driver of sentiment this week.

In any case, the dollar is losing some ground but key technical levels are still holding and they are well worth watching in case we do see traders make any sudden moves before the Fed this week.