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01-01-1970 12:00 AM | Source: GEPL Capital Ltd
The U.S. dollar edged lower in early European trade - GEPL Capital
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News / Other data

* The dollar edged lower on Monday but kept close to Friday's six-week high, after a flurry of economic data reinforced market expectations of tighter monetary policy from the Federal Reserve.

* The U.S. dollar edged lower in early European trade Monday, but remained elevated after a strong run of U.S. economic data and ahead of the release of the minutes from the Federal Reserve’s latest meeting.

* Most Asian currencies moved little on Monday, while the dollar steadied as markets awaited more signals on monetary policy from several Federal Reserve speakers and data sets due later in the week.

* The euro eked out a small gain against the dollar Friday in a desperate attempt to find its footing after weeks of selling, but some see the reprieve as another opportunity to load up on bearish bets against the single currency as the greenback feasts on hawkish Fed bets.

* The dollar edged lower against the euro and sterling on Friday, as the market readjusts ahead of the long weekend and awaits clues on how the Federal Reserve plans to continue tackling still-high inflation.

* Japan will start a pilot programme in April to test the use of a digital yen, its central bank said on Friday, joining a growing number of countries seeking to catch up with front-runner China in launching a central bank digital currency (CBDC).

 

Data inference

* No Major Event.

 

 

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