The U.S. dollar settled last week vs. a basket of major currencies after two-days of sharp losses due to the Federal Reserve's rate decision.
Gold settled at $1,230 to hit 3-month high, the first increase since the Federal Reserve's decision to hike its interest rate target. Technically, the yellow metal could re-test $1,221 due to lack of economic data. However, the precious metal could hit new highs in anticipation the U.S. data.
Euro failed to hold its gains of last week, negatively affected by the French presidential election as far-right leader Marine Le Pen would lead the first round of voting in France's presidential election. The common currency could trade under pressure due Opinion polling for the French presidential election, as Marine Le Pen, believes France should exit the European Union.
Oil prices failed to maintain its gains, on worries of swelling U.S. inventories. U.S. crude settled at $48.65 and could hold at such levels in anticipation of U.S. data, which will be released tomorrow.
The most important economic events:
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