Forex Today: Big week for markets gets underway in a calm fashion – by eren_fxstreet Majors Currencies Macroeconomics Commodities CryptoCurrencies
Major currency pairs fluctuate in narrow ranges at the beginning of the week as investors gear up for this week's key macroeconomic events. There will not be any high-impact data releases featured in the US economic docket on Monday. On Tuesday, the US Bureau of Labor Statistics will release the Consumer data for May ahead of the Federal Reserve and the European Central Bank's policy announcements on Wednesday and Thursday, respectively.
, which gauges the US Dollar's performance against a basket of six major currencies, moves sideways at around mid-103.00s.lost its traction on Friday and erased a large portion of the gains it recorded on Thursday. Nevertheless, the pair snapped a five-week losing streak. Early Monday, EUR/USD stays calm near 1.0750.gained more than 100 pips last week. In the European morning, the pair clings to small daily gains while holding comfortably above 1.2550.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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