SYDNEY: The U.S. dollar was trying to keep a rare rally together on Monday as its longest losing streak in a decade left much of the market structurally short of the currency and vulnerable to a squeeze on any upbeat news.
The euro held at US$1.773 on Monday, having hit a two-year high of US$1.1915 last week, which now acts as major resistance. Support comes in around US$1.1755 and US$1.1694. The dollar was a little steadier on the yen at 105.89 , well above the recent low of 104.17 but facing stiff resistance at 106.46.