FX trade was fairly calm through the N.Y. session on Monday, though the dollar spent the bulk of the day moving lower. EUR-USD opened near 1.1160, and made a leisurely path to 1.1275 highs before steadying. USD-JPY meanwhile, topped out at 125.37 before heading under 125.00, to post a low of 124.75, above Friday's post-jobs report base. USD-CAD meandered between 1.24 and 1.2450, as oil prices largely stabilized. There was no U.S. data on Monday, with price action largely driven by the paring of long dollar positions.
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