Here is what you need to know on Monday, February 3rd: The dollar plummeted late on Friday as part of the US Treasury yield curve inverted, on the back of risk aversion. Weekend news likely to fuel the negative sentiment, as the coronavirus continues to spread outside China. The US has reported eight cases during the weekend, while the Philippines reported one dead, the first case outside China. The Pound remained strong amid the BOE’s hawkish surprise on Thursday. The UK left the EU on Friday after 47 years in the Union. The market has priced it in long ahead of the event, which means no surprise is to be expected at the weekly opening. GBP/USD hovering around 1.3200. The EUR/USD pair ended the week with gains near 1.1100 amid the broad dollar’s weakness. The advance seems corrective but could extend this Monday. Commodity-linked currencies are the weakest, falling sharply against the dollar on plummeting equities. Gold remained bid, with spot ending the week near $1,590.00 a troy ounce. Crude oil prices remained under selling pressure, WTI bearish near $50.00 a barrel. Cryptocurrencies consolidate gains over the weekend, BTC/USD hovering around $9,500.00. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD Forecast February 3-7 – Aussie Slides as Coronavirus Spooks Markets Kenny Fisher 2 years Here is what you need to know on Monday, February 3rd: The dollar plummeted late on Friday as part of the US Treasury yield curve inverted, on the back of risk aversion. Weekend news likely to fuel the negative sentiment, as the coronavirus continues to spread outside China. The US has reported eight cases during the weekend, while the Philippines reported one dead, the first case outside China. The Pound remained strong amid the BOE’s hawkish surprise on Thursday. The UK left the EU on Friday after 47 years in the Union. The market has priced it in long ahead… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.