US Dollar Index starts week on strong footing. Markets remain focused on coronavirus headlines on Monday. Coming up: Chicago Fed National Activity Index and Dallas Fed Manufacturing Index. The USD/CHF pair dropped nearly 60 pips on Friday and erased all the gains it recorded earlier in the week after the USD weakened against its peers on disappointing PMI figures. With the greenback shaking off the selling pressure at the start of the week, the pair turned north, once again, and was last seen adding 0.3% at 0.9810. Markets remain risk-averse The rising number of coronavirus infections outside of China, especially in Italy and South Korea, weighs on the market sentiment on Monday and helps the USD find demand. The 10-year US Treasury bond yield erasing nearly 5% and major European equity indexes are down more than 3% to reflect the intense flight-to-safety. The US Dollar Index, which fell 0.55% on Friday after rising all the way up to 99.91 on Thursday, was last seen adding 0.25% on the day at 99.58. In the second half of the day, the Federal Reserve Bank of Chicago’s National Activity Index and the Federal Reserve Bank of Dallas’ Texas Manufacturing Survey will be looked upon for fresh impetus. However, markets are likely to continue to react to headlines surrounding the coronavirus outbreak while largely ignoring mid-tier macroeconomic data releases. Technical levels to consider 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 Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. FXStreet News share Read Next EUR/USD: Selling on rallies – TDS FX Street 2 years US Dollar Index starts week on strong footing. Markets remain focused on coronavirus headlines on Monday. Coming up: Chicago Fed National Activity Index and Dallas Fed Manufacturing Index. The USD/CHF pair dropped nearly 60 pips on Friday and erased all the gains it recorded earlier in the week after the USD weakened against its peers on disappointing PMI figures. With the greenback shaking off the selling pressure at the start of the week, the pair turned north, once again, and was last seen adding 0.3% at 0.9810. Markets remain risk-averse The rising number of coronavirus infections outside of China, especially in… Top 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.
