• The index starts the trading week on the defensive.
• The risk-on mood dominates the global markets on Monday.
• The CB Leading Index, short-term auctions next in the docket.

The greenback, in terms of the USD Index (DXY), adds to the ongoing weakness and extends the breach of the key 102.00 support on Monday.

USD Index navigates in multi-month lows

The index retreats for the third session in a row and trades in levels last seen back in early June 2022 amidst favourable risk appetite trends.

Indeed, the dollar loses further ground ahead of the opening bell in the old continent, while market participants continue to gauge the likelihood of further interest rate hikes by the Federal Reserve against a potential pivot in its monetary stance.

In the US docket, the CB Leading Index will be the sole release of note along with a 3-month/6-month bill auctions