The dollar overall has been unable to secure further gains in currency markets with a small net correction from 3-month highs. After being closed for new-year holidays throughout last week, Chinese markets have re-opened and the performance will have a significant impact on global markets. The trade-weighted Chinese yuan index hit a 3-month high on Monday and a firmer yuan will provide some net support for the Euro in global markets, although Chinese equities struggled to make significant headway. The Euro to Dollar (EUR/USD) exchange rate dipped to 1.0735 after the US producer prices data before a rebound to 1.0770 ... (full story)