Forex Today: Steady start to the week ahead of key data releases – by eren_fxstreet Majors Currencies Macroeconomics Commodities CryptoCurrencies
Major currency pairs continue to fluctuate in familiar ranges early Monday following the previous week's choppy action. IFO sentiment survey for April from Germany will be released during the European trading hours. Later in the day, Federal Reserve Bank of Chicago's National Activity Index will be featured in the. Ahead of this week's high-tier data releases, Monday's trading action is likely to remain subdued.
Despite the stronger-than-expected S&P Global Manufacturing and Services PMI readings from the US, the US Dollar struggled to outperform its rivals ahead of the weekend.ended the week virtually unchanged and extended its sideways grind slightly below 102.00 early Monday. Meanwhile, US stock index futures trade in negative territory and the benchmark 10-year US Treasury bond yield stays in the red below 3.6%, pointing to a cautious market stance. edged higher toward 1.
edged lower over the weekend and ended up losing more than 9% on a weekly basis. Early Monday, BTC/USD trades at around $27,500. Following Friday's steep decline,stayed relatively quiet over the weekend but snapped a three-week winning streak, losing more than 12%. In the European Morning on Monday, ETH/USD trades modestly lower on the day near $1,850.
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