Markets anxiously counted down to a busy central banking week ahead. Investors have zero doubt the U.S. Fed will cut interest rates for the first time in more than a decade.
The euro held gains after the ECB kept policy unchanged, disappointing some market participants who had bet on an easing.
Euro drops to two-month low against the dollar as ECB prepares market for more easing. The common currency initially rose, as the ECB kept its key benchmark rate unchanged at minus 0.40%.
Boris Johnson takes office as British prime minister. Traders are afraid of a greater risk of a no-deal Brexit under Britain’s new leader Boris Johnson as economic stress worsens.
Margin is the required capital that an investor must deposit to open a position. We can consider it as the minimum collateral or deposit.