In Tuesday's session, the EUR/GBP pair was seen taking a dip to 0.8540, falling below the 20-day Simple Moving Average (SMA).
The Euro simply has little to offer against the strength of the USD at the moment – Commerzbank
On Monday, the US Dollar (USD) gained quite a bit. When will the USD run out of steam? Economists at Commerzbank analyze Greenback’s outlook.
United States 3-Year Note Auction rose from previous 4.105% to 4.169%
United States 3-Year Note Auction rose from previous 4.105% to 4.169%
New Zealand GDT Price Index rose from previous 2.3% to 4.2%
New Zealand GDT Price Index rose from previous 2.3% to 4.2%
USD/MXN to decline towards last year low of 16.60/16.40 on failure to defend 16.75 – SocGen
The Mexican Peso (MXN) carved out a small gain versus the US Dollar (USD) on spot basis last week.
GBP/USD to suffer a deeper fall on failure to defend 1.2500/1.2450 – SocGen
GBP/USD trades higher but remains on track to test the December lows.
United States RealClearMarkets/TIPP Economic Optimism (MoM) came in at 44, below expectations (47.2) in February
United States RealClearMarkets/TIPP Economic Optimism (MoM) came in at 44, below expectations (47.2) in February
Canada Ivey Purchasing Managers Index s.a came in at 56.5, above expectations (55) in January
Canada Ivey Purchasing Managers Index s.a came in at 56.5, above expectations (55) in January
Uncertainty following last week’s rally
Stock prices accelerated their uptrend on Friday, and the S&P 500 index reached new record high of 4,975.29 following top tech earnings releases and some better-than-expected economic data.
USD to remain firm in near term but additional gains will need the support of higher US yields – Scotiabank
The firm US Dollar (USD) is consolidating its recent gains.