Regarding the currency market, during the first day of the week, the EUR/USD pair traded in a known range between 1.0630 and 1.0660, with bearish pressure on the pair.
During yesterday's session we did not have top-level economic data that moved the international market and the focus is on the divergence between the FED and the rest of the Central Banks. The market premises indicate a more bullish FED, the refuge nature of the USD and a possible inflationary effect of the American elections. The economic calendar this week brings us the American GDP data in the Friday session, as well as the PCE, the indicator most followed by the Federal Reserve as a prelude to the final inflation figure.
From the rest of the panel; The EUR/GBP pair marks annual highs at 0.8644 due to the possibility of a more moderate BoE than initially estimated. The Japanese Yen awaits the BoJ's monetary policy decision on Friday, where no surprises are expected. The EUR/JPY pair remains close to the highs of recent decades at levels of 164,80.
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