The US dollar was higher against all its major counterparts on Monday. On the economic data front, US existing home sales lowered to 5.31M in August from 5.59M in July (5.50M estimate).
The Euro was under pressure against its major counterparts. In Europe, German PPI index fell by 0.5% in August after being flat in July, as per forex calendar. It was expected to slid by 0.3%. According to Rightmove, UK house prices increased 0.9% in September after a 0.8% drop a month earlier.
The Australian dollar was lower against its major pairs with the exception of the EUR and NZD.
Meanwhile after the close of Wall Street, WTI Crude Future (OCT 15) was up $1.6 to $46.3. The contract was above its 20D MA (@ $44.59) and above its 50D MA (@ $46.01).
Gold was down $5.5 to $1133.5. The precious metal was above its 20D MA (@ $1124) and above its 50D MA (@ $1117).
Copper Future (DEC 15) on Comex was about flat to 239.05c/lb. The contract was above its 20D MA (@ 237.04c) and above its 50D MA (@ 238.66c). In Europe, the London Metal Exchange reported its copper inventories increased 650 tons to 336500 tons.