US Dollar slightly lower in Asian Trade

The US dollar drifted slightly lower in early Asian trade while keeping in snug ranges as the market waited for a slew of US data due over the next few days to help determine near-term direction for the currency.
The dollar eased slightly this morning in Asia but stayed well within recent ranges while sentiment remained broadly supportive.

Euro-dollar marked an initial high of $1.2735 before dipping to $1.2696, where it then ran into moderate buying, reportedly placed between $1.2680 and $1.2710. The pair then headed north, again, eventually hitting a $1.2740 high, a touch above its New York close of $1.2720-22.

Further reactions will be dependant after the release of PPI today. 12:30 GMT