Australian Dollar Rallies

The Australian Dollar is notoriously risk-sensitive, but it rallied in early trading Monday, climbing 0.37%. The Norwegian Crown rose nearly half a percent, and the Canadian Dollar rose 0.3%. The Japanese Yen fell to a 3-month low of just over 100 per dollar as investor fears over the status of Evergrande Group ($EGRNF@China), as higher U.S. yields (rising to nearly 1.5%) brought in Japanese cash. Additionally, the euro seemed unmoved even during German elections this weekend, settling around $1.70. With the dollar index sitting higher at 93.40, yields rose because investors are preparing for tighter monetary policies from the Federal Reserve.