US dollar remains calm despite a strong session last week. The US dollar had finished the previous week on a high note against competing currencies, but it has now dropped as the new week begins.
Due to the lower impact of the European economic docket on Monday, the US Dollar index is hoping for a return towards the 106.000 key zone this morning. Other economic impacts from the Federal Reserve Bank of New York’s Empire State Manufacturing Survey, which has yet to be issued, will provide momentum later.
US-China Tension Eases
According to a Wall Street Journal source, President Xi Jinping has been arranging and planning a meeting with US President Donald Trump since November. However, a delegation of US congressmen landed in Taiwan on Sunday, easing some US-China tensions. The deployment of US stock index futures has ranged from 0.2% to 0.3%, but the US government bond has remained above 2.8%. According to a Chinese study, average daily earnings have increased by 2.7% year on year. The NZDUSD fell more than 0.5%, as did the AUDUSD. The EURUSD, on the other hand, began trading in the deep recession below 1.0250 on Monday, as the price sought a more open market environment.
GBPUSD has gradually declined towards the 1.21000 important mark this week, despite losing more than 90 pips on Friday. A check of the USDJPY shows that the price fluctuated above 133.000 early Monday morning. A few hours earlier, Japan released a report showing GDP (Gross Domestic Product) growth of 0.5%, despite market expectations of 0.6%. Gold appears to be stable, having been prevented from breaking through $1800 as the price also dropped by 0.6%. A glance at Ethereum indicates that it has gained over 14% from last week’s exchanges. Furthermore, Bitcoin gained little traction when its price rose above the $24,500 critical zone following the weekend price action.
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