Financial markets were somewhat mixed after the first day of the fresh week drew to a close. Economies across the globe are now reopening and speculation is beginning to mount that central banks will soon commence easing their foot off the stimulus pedal. With stock markets significantly higher than this time last year and FX markets having made large moves too, the desire for a new direction is now ever more sought after.
The greenback saw a mixed performance yesterday. On a broad basis it was sold in the morning and bought in the afternoon. GBPEUR traded in a small 35 pip range while the euro consolidated its previous week’s gains against the buck around the $1.21 level.
Today sees eurozone business climate numbers as well as a raft of US data that includes housing, consumer confidence, and regional manufacturing gauges.
Written by Viv Savani. 7:59am, April 27th 2021
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