On Friday, the U.S. dollar steadied vs. a basket of major currencies as markets are on a wait whether the U.S. President Donald Trump will be able to pass fiscal stimulus and move straight onto tax reforms.
The Greenback settled at ¥111 vs. JPY after an eight straight days of losses. Technically, USD could trade under pressure in anticipation of the U.S. consumer spending.
Euro managed to settle at 1.08 vs. the Greenback amid expectations that ECB could tighten its monetary policy. The common currency is awaiting an important release, which is EUR German IFO - Business Climate (MAR); however, it could decline to $1.0750.
The Sterling failed to settle at $1.25 vs. USD, which was hit earlier last week.
Gold prices declined at the end of last week; however, it could trade higher this week due to the economic policy uncertainty in the United States.
Oil prices increased slightly on Friday and could hit new highs as OPEC and non-OPEC oil producers may extend oil cut another 6 months.
The most important economic events:
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