Financial markets kickstarted the week in slow motion, with EUR/USD stuck to a tight 30 pips range so far on Monday.
EUR/USD Current Price: 1.0674 Hawkish comments from Fed and ECB officials weigh on the market mood. Major pairs hold within familiar levels as investors await first-tier data. EUR/USD trades in a tight range below 1.0700, bulls retain control. The US Dollar is generally softer across the FX board, although the absence of relevant news keeps major pairs within familiar levels. Furthermore, the USD trades not far from the highs set last week.
Latvian policymaker Martins Kazaks, in a different event, said it is too soon to say they have reached a terminal rate, adding that next rate moves will not be automatized. Without data to care for, financial markets are moving on sentiment. The Greenback is finding some strength early in the American session, as stocks trade with a sour tone.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Forecast: Market players await a firmer catalystThe EUR/USD pair trades with modest gains at the beginning of the new week, still struggling to extend gains beyond the 1.0700 mark.
Read more »
EUR/USD holds below 1.0700, investors await US CPI, Eurozone GDP dataThe EUR/USD pair kicks off the week in a positive mood during the early Asian trading hours on Monday.
Read more »
EUR/USD could resume increaseLooking at the 4-hour chart, the pair traded as high as 1.0756 before there was a downside correction.
Read more »
EUR/USD Price Analysis: Consolidates below the 1.0700 mark, eyes on Eurozone GDP dataThe EUR/USD pair oscillates within a narrow trading range below the 1.0700 mark during the Asian session on Monday.
Read more »
EUR/USD Price Analysis: Next on the downside appears 1.0640- EUR/USD trades in an inconclusive fashion below 1.0700. - Bouts of selling pressure could revisit 1.0640.
Read more »
Asian markets mostly lower in quiet trading ahead of Biden-Xi meetingShares edged lower Monday in quiet trading in Asia ahead of a meeting this week between U.S. President Joe Biden and Chinese leader Xi Jinping.
Read more »