Skip to main content

Dollar index USDX) holding gains at the start of a massive week for markets

This week sees a whole plethora of Central Bank monetary policy decisions fall due. Tomorrow, March 19  we have the first from the Reserve Bank of Australia (RBA) at 3.30am GMT). Then at 3.45am GMT we get the same from the Bank of Japan (BOJ). On Wednesday, at 6pm GMT it is the turn of the US Federal Reserve. That is followed on Thursday by the Swiss National Bank (SNB), at 8.30am GMT. Finally, on that day, at 12pm GMT we then get the decision from the Bank of England (BOE). I will be looking at each potential outcome in isolation today and tomorrow and how these decisions might, or might not impact the markets. Ahead of that, the dollar index (USDX)  held a pretty tight and steady range on Friday (103.30-103.49) and closed the week at 103.43. However, given what is in store this week, there is potential for a significant move this week. Overnight the index has traded between 103.40 and 103.51. It is just now trading at around 103.45
 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!