FXstreet.com (London) - Heading towards the close of a relatively tame Asian session on the Forex markets, currencies have behaved as expected, trading largely rangebound as investors await further signals regarding economic growth.

The inverse relationship between Dollar and stocks on risk appetite/aversion, broke down on Friday as both rose, trading this week will gives analysts an opportunity to determine if this is a 'phenomenon' which will continue.

Dollar lost some ground against all its major pairs before consolidating ahead of London open, as such heading into Asian close dollar picture looks like this: EUR/USD 1.4888/9 (+0.23%),USD/CHF 1.0150/3 (-0.16%), GBP/USD 1.6495/7 (+.42%), USD/JPY 89.88/9 (-0.22%).

Summary: early dollar cuts across the board on opening followed by tight rangebound trading ahead of London open.

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