Forex Today: Dollar mixed, risk-appetite led
|Here is what you need to know on Tuesday, January 14th:
- Risk appetite was on the drivers’ seat at the beginning of the week, in detriment of safe-havens. The dollar eased against the EUR although the movement was limited amid an empty macroeconomic data and first-tier events taking place later this week.
- The Sterling collapsed, amid soft local data and comments from BOE´s Vlieghe, indicating that he will vote in favour of a looser monetary policy. Monthly GDP declined 0.3% monthly basis. GBP/USD left an unfilled weekly opening gap.
- The USD/JPY pair flirts with 110.00 ahead of the Asian opening amid a better market mood.
- A Chinese delegation arrived the US. Representatives from both countries are expected to sign phase one of a trade deal next Wednesday. Ahead of the event, the US said it would remove the tag of currency manipulator on China.
- Commodities were under pressure, although spot gold settled at around $1,550.00. Crude oil prices, on the other hand, fell to fresh one-month low amid ebbing concerns about Middle-East tensions.
- Crypto Today: Bitcoin moving within consolidation mode ahead of next committed move
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.