Liquidity was further sapped by a holiday in Japan.EMini futures for the S&P 500 were trading around 0.25 percent firmer. On Friday, the S&P 500 had eased 0.38 percent and the Dow 0.49 percent.Financials led the losses on news authorities had proposed to fine Deutsche Bank $14 billion sent its shares down 9.35 percent. "They may use the extension to lower their expectations for rates in 2017 and 2018, so that they end up with the same terminal level of rates but just take longer to get there," said Marshall Gittler, head of investment research at FXPRIMUS. "In other words, a slower, more gradual pace of tightening. In that case I would expect the dollar to weaken.

Source: The Star September 19, 2016 00:33 UTC