Forex Today: Quiet start to big central bank week – by eren_fxstreet Currencies Majors Macroeconomics Commodities CryptoCurrencies
Markets stay relatively quiet early Monday as investors move to the sidelines to gear up for critical central bank policy announcements later in the week. Following the modest recovery witnessed in the second half of the previous week,continues to fluctuate in a tight channel at around 102.00. The benchmark 10-year US Treasury bond yield holds steady near 3.5% and US stock index futures trade modestly lower on the day.
Meanwhile, the Shanghai Composite Index opened modestly higher following a long break and was last seen clinging to small daily gains. On a negative note, Hong Kong's Hang Seng Index is down more than 2% on a daily basis. China’s Center for Disease Control and Prevention recently noted that the current wave of COVID-19 infections was nearing an end and added that there was no significant rebound in cases during the Lunar New Year holiday.
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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