Forex Today: Markets stay calm to start the week full of high-tier events – by eren_fxstreet Currencies Majors Macroeconomics Commodities CryptoCurrencies
Financial markets stay relatively calm early Monday as investors refrain from taking large positions ahead of this week's key events. Februarydata will be featured in the European economic docket and January Factory Orders from the US will be looked upon for fresh impetus later. FOMC Chairman Jerome Powell will testify on policy before the Senate Banking Committee on Tuesday and before the House Financial Services Committee on Wednesday.
The positive shift witnessed in risk sentiment late Friday made it difficult for the US Dollar to find demand and the US closed the last day of the week in negative territory. In the European morning, the DXY moves sideways at around 104.50 and the benchmark 10-year US Treasury bond yield stays below 4%. US stock index futures trade modestly higher on the day, reflecting a cautious atmosphere.managed to register small gains last week on the back of Friday's rebound.
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