The U.S. dollar closed last week on a volatile note with the dollar index losing 0.3% on Friday. The decline also marked the biggest weekly loss since June 2017.
The U.S. dollar was drifting lower as the dollar index weakened due to U.S. politicians cutting it close with passing the spending bill to avoid a government shutdown.
By XM.COM| Forex-Technical|10/1/2018,10:10:06
Here are the latest developments in global markets:
· FOREX: The US dollar index was marginally lower on Wednesday, after previously trading higher for three days in a row.
The British pound maintained strong gains as the currency pair was seen trading above $1.3300.
The US dollar was seen recovering on Monday as geopolitical tensions eased pushing risk appetite higher.
The common currency rallied to reclaim the $1.20 handle yesterday despite the European Central Bank making no changes to monetary policy
The US dollar was seen pulling back from a 31-month low. The US dollar index fell to 91.54 yesterday as reports about the missile test from North Korea rattled the markets.
The US dollar remained weak yesterday as investors digested the news about the latest threats from President Trump.
The US dollar gave up the gains with price action trading rather subdued. Lack of any clear market movers and the upcoming Jackson Hole Symposium saw traders taking a breather.
The minutes of the meeting from the ECB that was released yesterday showed that while officials of the governing council discussed tweaking the forward guidance......