Forex Today: Dollar week as mild-optimism prevails

Here is what you need to know on Monday, April 13th:

Trading was dull on Friday and will remain so this Monday, amid Easter holidays being celebrated in most major economies. The American dollar closed the week with losses against most major rivals, as investors moved into stocks following the Fed’s latest loan plan of $2.3 trillion.
EU finance ministers agreed on Friday on a €540 billion stimulus relief package via the European Stability Mechanism, meant to support member stated.
On Sunday, news came from the UK that PM Boris Johnson has been discharged from hospital, and will continue his recovery at Chequers.
Stop gold neared the multi-year high set this year, while gold futures surged to a seven-and-a-half-year high, as demand for the safe-haven metal continues.
Crude oil prices seesawed between gains and losses throughout the week, ending it in the red after plummeting on Thursday. The OPEC+ alongside other oil producers have been discussing an output cut. G20 energy ministers had a meeting that extended into the weekend, as Mexico is still out of the deal. The meetings ended without clear references to future actions.
The US has become the epicentre of the coronavirus pandemic, with over 530,000 contagions and the death toll above 20,000, surpassing that of Italy. The crisis in the American country continues to steepen. In Italy and Spain, the curves seem to be flattening, although the numbers are still outrageous, while up in other European countries. The economic comeback si not yet at sight.
Bitcoin, Ethereum, Ripple: A consolidative phase before the bears return

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.