EUR/USD: nearing 1.1400 ahead of ECB's monetary policy meeting
The market woke up from its lethargy and the result was no good for the greenback.
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EUR/USD retreats, holds on to daily gains
The EUR/USD pair retreats from daily highs but holds on to daily gains around 1.1380 as the dollar got dumped on arising political tensions.
USD/JPY finds resistance at 110 as DXY retreats toward 96
Boosted by the strong start to the day in Wall Street, the USD/JPY pair rose to its highest level of 2019 at 110 but failed to preserve its momentum as the greenback came under a renewed selling pressure in the last hour.
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SPECIAL YEARLY FORECAST
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Central banks and politics could cause turmoil, but no longer can spur growth. Growth is far worse than what the numbers show, recession at risk of materializing.
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The European Union began 2018 in reasonable economic condition. Growth in the fourth quarter of 2017 had reached 2.8% annually, matching the best since the financial crisis.
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For the people involved whose paychecks are delayed and for the politicians in Washington the shutdown is real and for some a hardship but for the overall economy there has been scant impact. That could change as the closure lengthens and more units run out of funding on but with the bulk of the government operating the economic effect will likely remain small.
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