Dollar holds steady so far in the new week ...Middle East

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Dollar holds steady so far in the new week
It's mostly a quiet start to proceedings in European trading today. The dollar continues to hold steady, maintaining its run higher from Friday after the strong US jobs report. The bond market remains a focus point, with higher yields helping to underpin the greenback at the moment.10-year yields are up 5 bps to 4.083%, keeping the dollar in a good spot as we get stuck into the new week. EUR/USD is one of the more interesting major currency pairs to watch as it threatens a bigger technical drop:The pair is falling below its 100-day moving average (red line) now and that will see sellers exert more downside control. Upon a firm break of that, the December low of 1.0723 will be under fire next

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