Forex Today: Dollar stays on the back foot as sentiment improves – by eren_fxstreet Currencies Majors Macroeconomics Metals Commodities
index futures rising nearly 1%. The European economic docket will not feature any high-tier data releases on Monday. Later in the session, the NAHB Housing Market Index from the US will be looked upon for fresh impetus.
Commenting on the rate outlook, Atlanta Fed President Raphael Bostic said that moving "too dramatically" could undermine positive aspects of the economy. Meanwhile, the Wall Street Journal reported that over the weekend Fed policymakers were preparing to raise the policy rate by 75 basis points at the upcoming meeting. closed the third straight week in negative territory but managed to erase a portion of its weekly losses during Friday's rebound.
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