The US dollar is offered today. It is trading softer against all the G10 currencies, with the yen the notable exception, and it is flat. But the yen, sterling, Canadian dollar, and Swiss franc are still inside last week's ranges.
Some profit-taking was seen on Japanese stocks. But most of the other large bourses in the region rallied. The Stoxx 600 in Europe is threatening to snap a four-day advance and is nursing minor losses in late morning turnover. US equity indices are trading softer.
The softer dollar and softer rates are lifting gold to a five-day high above $2027. April WTI is consolidating between about $77.55 and $78.55.

Asia Pacific
The dollar remains in the range set last Tuesday of approximately JPY149.25-JPY150.90. The US rates may still be the key and it does not look like the 10-year Treasury yield has peaked.
The Australian dollar is rising for the fifth consecutive session today, matching the longest advancing streak since last June. It is trading at its best level since the February 2 US jobs data, reaching $0.6560 in the European morning. Nearby resistance is seen near $0.6565. The RBA minutes showed that while a rate hike was discussed, the decision was to leave policy steady earlier this month.

Europe
In aggregate, the eurozone budget deficit narrowed from about 3.6% of GDP in 2022 to about 3.2% last year. The EC expects it to narrow to around 2.8% this year.
The euro has poked above last week's high, slightly above $1.08, in the European morning.
Sterling looks set for more consolidation. Three-month implied vol has also fallen to a fresh two-year low below 6.4%. A close below around $1.2565 or above $1.2650 would be notable.

America
With the sole exception of February 2022, the US index of leading economic indicators has fallen since the end of 2021. It will be reported shortly and is expected to have fallen by 0.3% last month.

Canada's headline CPI fell in the last four months of 2023 (-0.6% at an annualized rate). Today, it reports January CPI.
The US dollar rose a little above CAD1.3500 earlier today before reversing. It slipped below the CAD1.3480 in Europe.