The euro recovers nearly 0.5% from recent lows on Monday as the dollar dived. Traders are hesitant to send the U.S. dollar further ahead of the Federal Reserve’s policy meeting this week.
Category: Features
The sterling is on the way for its biggest weekly drop in 7 weeks, below the chart support around $1.26.
The euro struggled to hold gains on Thursday after the ECB ended its vast bond purchase program.
Pound soars ahead of no-confidence vote in May triggered by lawmakers in her Conservative party. In turn, the UK Prime Minister warned them that they jeopardize Brexit.
Potential Chaotic Brexit causes concerns among traders. Investors’ confidence remained fragile after deepening political uncertainty in Britain.