Forex Today: US Dollar clings to Friday's recovery gains to start the week – by eren_fxstreet Majors Currencies Macroeconomics Commodities CryptoCurrencies
Following the sharp selloff seen for the majority of the previous week, the managed to erase some of the losses it suffered against its rivals ahead of the weekend. The US Dollar Index keeps its footing at the beginning of the new week as investors await the next catalyst. Federal Reserve Bank of New York's Empire State Manufacturing Survey will be the only data featured in the US economic docket and market participants will pay close attention to comments from central bankers.
On Friday, the US Census Bureau reported that Retail Sales in the United States declined 1% on a monthly basis in March to $691.7 billion. This reading followed February's contraction of 0.2% and came in worse than the market expectation for a decrease of 0.4%. Nevertheless, hawkish comments from Fed policymakers helped the US Dollar gather strength during the American trading hours.
Early Monday, the benchmark 10-year US Treasury bond yield holds steady at around 3.5%, supporting the USD. Meanwhile, US stock index futures trade modestly higher on the day and the US Dollar Index clings to small daily gains above 101.50.has managed to stabilize above 0.6700.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/USD sticks to mild gains above 0.6700 as US dollar fades recovery amid mixed sentimentAUD/USD sticks to mild gains above 0.6700 as US dollar fades recovery amid mixed sentiment – by anilpanchal7 AUDUSD RiskAppetite RBA Fed Inflation
Read more »
Mega Millions numbers drawn for Friday's $476M jackpotThere was one winning ticket in Friday night's Mega Millions drawing worth an estimated $476 million.
Read more »
2 victims, including juvenile, injured in Friday night shooting in N.J. cityOne of the victims was a 13-year-old child, officials said.
Read more »
What the Brewers' Luke Voit says he really said Friday nightLuke Voit was clearly excited as he scored from first on a double on Friday, but he has no hard feelings about last year's trade from the Padres to the Nationals
Read more »