The post US Dollar eases a touch with US markets closed and Europe’s political turmoil fading appeared on BitcoinEthereumNews.com.

The US Dollar trades sideways with US markets in a brief moment of pause. Markets face a relatively quiet trading day, with US markets closed in observance of Juneteenth. The US Dollar index flirts with 105.00 support, though this week’s upcoming US data might trigger a break.  The US Dollar (USD) trades very muted on Wednesday, with US markets closed in observance of Juneteenth. US bond markets are closed and US equities will only see the futures markets moving. Traders will be able to let the dust settle after the downbeat Retail Sales report for May, released on Tuesday.  On the US economic data front, there are two data points to digest on a very light trading day. The Mortgage Bankers Association will release its Mortgage Applications number for the week of June 14. The number has some importance because it was in contraction for a few weeks in a row until the previous week was a staggering 15.6% uptick.  Daily digest market movers: Time to assess Although US markets are closed on Wednesday, there are some key headlines to report: Japan’s opposition front asked Japanese Prime Minister Fumio Kishida to call for snap elections, Bloomberg reported. The US has given the green light for an arms deal with Taiwan, triggering fury with China on the matter, Baha news reported.  France, Italy, Belgium, and five other European countries are set to be reprimanded and fined for their deficits breaching EU finance rules, according to Bloomberg.  At 11:00 GMT, the Mortgage Bankers Association released its Mortgage Applications survey. Last week’s number snapped the contraction path with a staggering 15.6%, where this week only saw a mild pickup in demand by 0.9%..  At 14:00 GMT, the National Association of Home Builders will release its June Housing Market Index. The previous number was 45,…

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Filed under: News - @ June 19, 2024 6:10 pm