During Monday’s trading session, EUR/USD pair reached stability close to 1.1380; this was after several days of sales. Now, despite a lot of risks, the USD is finally looking for stable levels.
Investors attention will still be focused on the US Government Shutdown. With the government not operating for more than a month, a lot of public sector employees will not be receiving any wages due to them being on unpaid leave.
However, as it is impossible to keep their wages, Congress still hasn’t decided on financing the American government and with the key stumbling lock, being, in this case, the Mexican border issue and the US President Donald Trump’s intention to build a wall in an attempt to decrease the number of immigrants.
On the US markets, there is a holiday today, meaning that it will have a few macroeconomic reports from the USA this week, and with this in mind, the Government Shutdown will continue to be the hottest point of interest among market traders.
The European Central Bank will have another meeting on Thursday, but market expectations are still quite low. The time for the benchmark rate revision hasn’t come yet, and it is expected to remain unchanged for at least more than five months.
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