FX trade was relatively light in N.Y. on Monday, though the dollar lost modest ground to major currencies in what was another risk-off session. Second tier U.S. data in the form of the Chicago PMI and Dallas Fed index were both light of forecasts, though neither had much impact on the greenback. Wall Street and Treasury yields were lower, following another global equity market sell-off, and focus will remain on China, where key PMI data will be released overnight. EUR-USD managed 1.1181 lows after peaking at 1.1243, though quickly reclaimed the 1.12 handle in light afternoon dealings.
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