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Bond Auctions Could Determine USD Moves This Week

From orbex.com

Next week, there are relatively few of the typically major economic events that could shift the dollar. But, the unusual circumstances the US is in means that there is another event that could push the greenback around. And the currency is likely to be particularly vulnerable over the next week. US markets will be closed on Thursday, and only open for half a day on Friday. But many big traders might take more than those days off, which could mean the market has reduced liquidity. In the midst of that, the US Treasury is set to auction off almost $250B in debt. The market could react either to the results of the ... (full story)

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  • Category: Fundamental Analysis