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EUR/USD pressured below 1.21 amid mixed markets mood
EUR/USD is trading below 1.21, consolidating Friday's losses as the market mood is mixed. Upbeat Chinese GDP and US stimulus are cheering markets while Italy's political crisis and the depressing coronavirus picture is weighing on sentiment.
GBP/USD fails to recover despite accelerated UK vaccine campaign
GBP/USD remains below 1.36, shrugging off the expansion of Britain's vaccination campaign. Post-Brexit talks on financial services continue while tension is mounting ahead of US President-elect Biden's inauguration.
Gold struggles to capitalize on intraday bounce, up little around $1930-32
Gold struggled to capitalize on its goodish intraday bounce of nearly $40 and was last seen trading with modest gains, around the $1830-32 region.
Forex Today: Dollar holds onto gains, shrugging off upbeat Chinese GDP, vaccine news eyed
Markets are mixed on "Blue Monday" with the dollar clinging to gains related to risk aversion, while upbeat Chinese growth partially offsets the gloom.Tension is mounting ahead of President-elect Biden's inauguration.
US Dollar Index: Immediately to the upside comes 91.00
DXY extends the march north and already trades at shouting distance from the 91.00 barrier, or new 2021 highs.