Ahead of what is expected to be reports confirming the surging US economy, the dollar remains on its back foot, unable to sustain even modest upticks. The euro has drawn closer to $1.20, and the dollar is holding below JPY109 for the first session since March 24. The dollar-bloc currencies lead today's move against the greenback, but nearly all the emerging market currencies are participating too. The JP Morgan Emerging Market Currency Index is rising for the third consecutive session. The US threatened sanctions against Russia for cyberwarfare, and election interference has seen the ruble drop 1%. Turkey's rate ... (full story)