hi guys read this news from fxstreet [URL deleted]
Forex today were somewhat subdued with it being Martin Luther King Day in the US, although that did not keep the bears in the cage when it came to the dollar.
The DXY that is technically on a knife edge was down -0.55% into the close for the NA Forex session. The euro took up the limelight and has been in the hands of the bulls ever since the [URL deleted] ECB minutes for December reminded the markets that it is not just the [URL deleted] Fed that is on the path towards normalisation, (CB’s Hansson was seen as hawkish on guidance and EUR’s recent strength in European trade. 10yr Bund yields tested their July ’17 highs again). The euro was then further propelled on the outlook for political stability in Germany from Friday's headlines, pushing the single currency to test territory towards the 1.23 handle. For Monday, the euro has traded between 1.2187 and 1.2296.
Forex today were somewhat subdued with it being Martin Luther King Day in the US, although that did not keep the bears in the cage when it came to the dollar.
The DXY that is technically on a knife edge was down -0.55% into the close for the NA Forex session. The euro took up the limelight and has been in the hands of the bulls ever since the [URL deleted] ECB minutes for December reminded the markets that it is not just the [URL deleted] Fed that is on the path towards normalisation, (CB’s Hansson was seen as hawkish on guidance and EUR’s recent strength in European trade. 10yr Bund yields tested their July ’17 highs again). The euro was then further propelled on the outlook for political stability in Germany from Friday's headlines, pushing the single currency to test territory towards the 1.23 handle. For Monday, the euro has traded between 1.2187 and 1.2296.
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