 The forex markets are pretty steady in Asian session today, with Euro stabilizing from its previous sharp sell-off. Meanwhile, Dollar and Yen are posting modest gains. In contrast, commodity currencies showed less resilience, and Swiss Franc surrendered some of its recent strong gains. British Pound demonstrated mixed performance. A noticeable characteristic of today's market is the low activity level, with most major currency pairs and crosses stuck inside last Friday's trading range. This subdued activity may continue throughout the rest of Monday. However, the market is expected to become more volatile in the coming days due to several key economic events. Meetings of the RBA, SNB and BoE are scheduled, each with the potential for market-moving surprises. Additionally, BoJ and BoJ will release their meeting minutes. Economic data releases, including inflation figures, retail sales, and PMI data from major economies, will also contribute to the market dynamics... |
