US dollar slides early in the new week, equity futures sag

The US dollar is on the backfoot as the new week gets under way.

The market had priced in some hope of progress on trade deals over the weekend but Japanese officials flew home to regroup late on Friday. S&P 500 futures are down 0.5% and the US dollar is broadly weaker.

The main selling in the US dollar is against the yen, Swiss franc and euro. The latter is up 35 pips to 1.1426.

It’s a holiday today in Australia, New Zealand, Germany, Switzerland, France and the UK so that should keep things quiet.

This article was written by Adam Button at www.forexlive.com.