S&P Futures
4,014.75 -17.75 (-0.44%) Dow Futures
33,658.00 -127.00 (-0.38%) Nasdaq Futures
11,893.50 -74.50 (-0.62%) Russell 2000 Futures
1,886.90 -6.60 (-0.35%) Crude Oil
76.77 -1.13 (-1.45%) Gold
1,920.60 -18.60 (-0.96%)
EUR/USD (EURUSD=X)
- FX Empire
EUR/USD Forecast – Euro Continues Its Sideways Grind
The Euro has rallied a bit during the trading session on Monday, but it still sees the same resistance near the 1.09 level it has for the last several sessions.
- Reuters
FOREX-Dollar seesaws ahead of busy central bank week, euro higher after Spain CPI
The dollar languished near an eight-month low on Monday ahead of a slew of central bank meetings this week, while higher Spanish inflation data supported the euro ahead of euro area readings on Wednesday. It was down more than 1.5% in January and on track for a fourth consecutive monthly loss, pressured by expectations that the Fed is nearing the end of its rate-hike cycle and that interest rates would not have to rise as high as previously feared. Meanwhile, the euro rose 0.14% to $1.0885 after Spain's consumer prices inched up 5.8% in January compared with the same month last year, faster than the 5.7% annual rate recorded in December and the first increase since last July.
