US Dollar calm as markets drive equities higher
The post US Dollar calm as markets drive equities higher appeared on BitcoinEthereumNews.com. The Greenback was able to print a weekly gain on Friday. A lighter week begins with only Retail Sales and Powell’s speech as focal points. The US Dollar Index was unable to print a new weekly high and might still reverse. The US Dollar (USD) is choosing the easy way, sideways, as some geopolitical headlines are making the news on Monday. Not only is Russian President Putin getting involved with the Israelic war in Gaza, but Iran is adding to the tensions. Several headlines came out of the state saying that the time for political solutions is at an end and that an expansion of war is approaching an inevitable stage, seeing Crude prices jump higher, though the US Dollar Index not reacting. No big data points are scheduled on Monday, so expect fewer sharp moves in the market. One element to keep an eye on is Central Europe, where in Poland saw a big power shift happen on Sunday during elections. One of the opposition parties is set to gain a majority over the ruling party, and the Polish Zloty appreciated by over 1.5% against the Greenback. All Central European currencies, in fact, are up against the Greenback. Daily digest: US Dollar steady with risk-on US Treasury Secretary Janet Yellen says support for Ukraine remains top priority. Ukraine cannot lose war for economic reasons. President of Turkey, Recep Tayyip Erdoğan, said to British Prime Minister Richie Sunak that Western countries shoudl refrain form provocative acts regarding Israeli-Palestinian conflict. The New York Empire State Manufacturing Index for October has moved from 1.90 previous to -4.6. Less negative than the expectation of -7.00. The US Treasury is set to issue a few auctions with a 3-month and a 6-month bill auction at 15:30 GMT. To round up the calm Monday, expect to see…
The post US Dollar calm as markets drive equities higher appeared on BitcoinEthereumNews.com.
The Greenback was able to print a weekly gain on Friday. A lighter week begins with only Retail Sales and Powell’s speech as focal points. The US Dollar Index was unable to print a new weekly high and might still reverse. The US Dollar (USD) is choosing the easy way, sideways, as some geopolitical headlines are making the news on Monday. Not only is Russian President Putin getting involved with the Israelic war in Gaza, but Iran is adding to the tensions. Several headlines came out of the state saying that the time for political solutions is at an end and that an expansion of war is approaching an inevitable stage, seeing Crude prices jump higher, though the US Dollar Index not reacting. No big data points are scheduled on Monday, so expect fewer sharp moves in the market. One element to keep an eye on is Central Europe, where in Poland saw a big power shift happen on Sunday during elections. One of the opposition parties is set to gain a majority over the ruling party, and the Polish Zloty appreciated by over 1.5% against the Greenback. All Central European currencies, in fact, are up against the Greenback. Daily digest: US Dollar steady with risk-on US Treasury Secretary Janet Yellen says support for Ukraine remains top priority. Ukraine cannot lose war for economic reasons. President of Turkey, Recep Tayyip Erdoğan, said to British Prime Minister Richie Sunak that Western countries shoudl refrain form provocative acts regarding Israeli-Palestinian conflict. The New York Empire State Manufacturing Index for October has moved from 1.90 previous to -4.6. Less negative than the expectation of -7.00. The US Treasury is set to issue a few auctions with a 3-month and a 6-month bill auction at 15:30 GMT. To round up the calm Monday, expect to see…
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