The dollar dipped on Monday on the run-in to Wednesday's decision on U.S. interest rates, while Britain’s pound was back under pressure after a 2-cent fall following elections which threw Europe’s second-largest economy into political chaos.
French President Emmanuel Macron’s party, La Republique en Marche, set the foundations for an overwhelming majority in the French parliament as election results show that nearly a third of voters supported candidates running for Macron’s party, as well as its ally Modem, another centrist party.
The U.S. dollar weakened against most of its Group-of-10 peers as investors began tweaking positions ahead of multiple central bank policy decisions this week.
The question of how high bitcoin can fly looms large after the digital currency shot past $3,000 a bitcoin for the first time ever.
Next trading day's important events
- 11:30 (GMT+3) UK – Consumer Price Index (YoY) (May)
- USDJPY: 109.87
- EURUSD: 1.1193
- S&P 500: 2423.99
- NASDAQ: 6144.77