After a strong rally in U.S. equity and bond markets on Friday, the upward trajectory resumed on Monday. The S&P 500 gained 1.18% and the Dow added an impressive 400 points, ending the day 1.58% higher.
Investors around the globe will closely monitor how the stock markets perform throughout trading today, following the rollercoaster ride that the financial markets experienced last week.
The dollar was explosively volatile on Friday, with prices aggressively appreciating towards 94.27, as investors digested September’s distorted U.S. jobs data.
Sterling’s price action this week can be described as messy, as rocky Brexit negotiations between the United Kingdom and Brussels, left investors on edge.
Trump’s presidential triumph may be the best event that has happened to the Dollar Index this year which currently hovers around 11 month highs at 100.35.
Unless you’ve been living under a rock, you know that GBP/USD has been in freefall over the last several weeks amidst fears of a potential “Brexit” (UK exit from the European Union) come June.
