Forex Today: US Dollar holds steady to start week, eyes on central bank speak – by eren_fxstreet Majors Currencies Macroeconomics Commodities CryptoCurrencies
The US Dollar holds steady early Monday after having suffered large losses against its major rivals last week. Stock and bond markets in the US will be closed in observance of the Juneteenth holiday. The European economic docket will not be featuring any high-impact data releases and market participants will pay close attention to comments from central bank officials. fell more than 1% and closed the third straight week in negative territory before going into a consolidation phase above 102.
edges lower but holds above 0.6850 in the European morning. The People's Bank of China is expected to announce a rate cut early Tuesday. fell below 1.3180 and touched its lowest level since September on Friday. The pair clings to small recovery gains at around 1.3200 on Monday.fluctuated in a narrow channel over the weekend and extended its sideways action above $26,000 early Monday.recovered from the three-month low it set at $1,620 mid-week last week and stabilized above $1,700.
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