Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
US dollar index stands still as markets wait for Fed
On Tuesday, the evergreen buck stood above a recent three-year minimum versus a basket of key currencies, with market participants shifting their attention to Donald Trump's State of the Union speech as well as a Fed policy gathering for catalysts.
The evergreen buck went up 0.1% versus a basket of six crucial currencies hitting 89.430, having soared from a minimum of 88.43 reached the previous week, which is its weakest result since December 2014.
Market experts told that a renewed ascend in American bond revenues this week underpinned the evergreen buck. The US 10-year Treasury profits hit a maximum of 2.733% in Asia trade on Tuesday, which is the highest outcome since April 2014.
The common currency went down 0.1% being worth $1.2373, drifting away from a three-year maximum of $1.2538 demonstrated the previous week.
Against the Japanese yen, the US currency went down 0.2% hitting 108.78 yen.
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Congratulations! Gold has just opened a new era... or, rather, reopened...
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.