US Dollar Is Broadly Assertive Against The European Major Currencies

The US Dollar is broadly firmer against the European major currencies following comments from the Fed's Bernanke and ahead of the later this week release of the US nonfarm payrolls report on Friday.

In terms of the commodity currencies, both the NZD and AUD are declining against the US dollar (NZD/USD near $0.7200 and AUD/USD below $0.9000), but the CAD has gained over 0.30%.

The Japanese yen is broadly firmer, despite the gains in equities.

Over the weekend, the Japanese government approved a proposal to exempt overseas investors from the 15% tax on interest income received from corporate bonds as of June.