What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
Greenback stands tall versus euro as traders watch Catalan vote aftermath
On Monday, the evergreen buck started the month on a high note, backed by higher American yields, while the common currency was pressured because market participants closely watched the aftermath of a recent independence vote in Catalonia, Spain.
The dollar index, gauging the US dollar versus a basket of six key currencies, gained 0.3% being worth 93.323.
Higher American Treasury yields bolstered the US currency. The 10-year American Treasuries yield went up to 2.360% in Asian trade versus Friday's close of 2.326%.
On Monday, liquidity was relatively thin, with South Korea, India, China and Hong Kong markets unavailable for public holidays. Trade was light in Australia, with Sydney unavailable for a holiday. Meanwhile, Melbourne was still open.
The common currency tumbled 0.3% being worth $1.1776 because market participants nervously monitored the situation in Spain. In this European country police used batons as well as rubber bullets to suppress the Catalan vote on Sunday, leaving hundreds injured.
The OPEC meeting and the US Nonfarm Payrolls rocked the market last week. The market is torn between optimism about the global economic recovery and concerns about the new coronavirus strains.
All eyes are turning to the Federal Reserve and the US dollar. How to trade XAU/USD, EUR/USD, and GBP/USD?
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…