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Greenback Elevated on Equity Sell-Off
US indices faced a fresh sell-off on Monday as renewed coronavirus fears and a stagnant stimulus package took their toll.
Bank shares fell following a report that JPMorgan Chase and Bank of New York Mellon (amongst others) had defied anti-money laundering (AML) rules.
This weighed on sentiment as indices recorded a third straight weekly drop.
In addition, the US imposed more sanctions on Iran to curb Tehran’s nuclear threat. However, the United Nations will not support reimposing sanctions as they ignored Washington’s intentions.
The Dow fell 1.84%, with the S&P dropping 1.16%. The Nasdaq lost 0.13% before ending the day slightly positive.
Investor focus shifted to the US index as it soared 0.7% in yesterday’s session, its biggest daily gain this month.
EU’s Belarus Sanctions In Doubt
The euro closed 0.56% lower on Monday as the EURUSD pair fell below the 1.18 handle.
The euro was hit as talks of imposing sanctions on Belarus came to a halt. Th...
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