[MARKET ANALYSIS] Dollar holds on to recent spoils after extending on advances yesterday amid a lack of fresh catalysts on Veterans Day

DXY: +0.1%

• Kept afloat after strengthening again yesterday in a continuation of the momentum from the recent CPI data and hawkish Fed speak, although there was a lack of fresh catalysts or data owing to Veterans Day. Nonetheless, participants reflected on geopolitical headlines including the more constructive Ukraine-Russia rhetoric, albeit with no significant breakthrough, and with US VP Vance reportedly considering face-to-face talks with Iran's top security official Rezaei. Looking ahead, there are several Fed speakers scheduled later today, including Hammack, Barr, Goolsbee, Daly, Schmid and Williams, as well as weekly jobless claims.

EUR/USD: -0.1%

• Gave up ground to the firmer buck and slipped to sub-1.1100 territory, while the single currency was not helped by quiet newsflow and with little scheduled for the rest of the week for the EU.

GBP/USD: -0.1%

• Remained subdued after failing to sustain the 1.3300 status, although further downside was somewhat cushioned with BoE’s Greene noting it is appropriate “to proactively tighten our monetary policy stance to lean against the risk of wage growth getting stuck at higher levels”, while participants await a slew of data from the UK, including GDP figures for Q3.

USD/JPY: Flat

• Holds on to the prior day's spoils after climbing to just shy of the 160.00 level where it met resistance, while the recent price action prompted some jawboning from Japan's top FX diplomat Mimura, who stated that recent currency moves are too fast.

Antipodeans: AUD/USD -0.1% / NZD/USD Flat

• Lack of firm direction with demand contained amid the somewhat mixed risk tone and in the absence of any pertinent tier-1 data.