There are reasons for traders to be optimistic and sell the USD versus the riskier currencies. However, the advance of EUR/USD, GBP/USD, and AUD/USD became extensive and a correction may happen.
Tag - eur
Get the latest news and the most interesting market movements!
The dollar headed lower in early European trade Monday
With Brexit being the last-minute breakthrough - or a failure - possibility, let's review the layout for the GBP against the EUR and the USD. We will review oil, gold, and other Forex assets too - and don't forget the US and the UK interest rates this week!
There are three main market drivers these days: vaccine, Brexit, and US stimulus package.
Vaccine news, Brexit developments, and hopes for the US stimulus package are the main market drivers! How to start the week?
UK PM Johnson: It is looking very, very likely we will have a no-deal Brexit
The British pound is going down. To where?
The euro has been volatile after the meeting of the European Central Bank. At the same time, the GBP keeps going wild amid Brexit uncertainties. Watch more!
The BOJ is likely to extend corporate funding aid schemes. Jump in to get the fresh analysis!
ECB Lagarde: The economy seen shrinking in Q4, with the services severely curbed
Looking ahead, highlights rom macroeconomic calendar include UK GDP and output data, Swedish inflation, ECB rate decision & press conference, US CPI, IJC, EU Council Meeting, BoC's Beaudry, FDA EUA meeting