The U.S Dollar has been strong the past few trading sessions, which opens the door to speculative action developing the remainder of this week.
Category : Currencies
European equities have started tentatively, proving broad market sentiment remains in a cautious mode.
Reports have circulated early this morning the European Central Bank will not make any significant moves regarding its monetary policy until at least July.
The Euro and Pound found themselves challenged late in the week as the U.S Dollar gathered strength.
Inflation statistics from the U.K via the Average Earnings Index have come in below their estimate.
The Euro has rebounded from its lower support levels. The European Central Bank will conduct important monetary policy meetings next week. And concerns are growing louder regarding Deutsche Bank. But weakness in the U.S Dollar is helping the Euro short term.
The U.S lost ground in forex on Monday, and the Pound continued to display robust strength.