On the Forex market the Dollar
index dropped, coming close to December’s lows. A combination of a
higher equity and commodity market had a massive impact on the green
back during Friday’s session, esspecially as news headlines published
that crude oil and Gold had both jumped.
jumped by 2.04% during Friday’s session, while Crude Oil finished the
month above $65 per barrel. Even though the extreme rise is startling
some equity traders, especially as the current commodity moves are not
normally characterized during the start of an economic cycle, some are
relieved that the recent increase in prices isn’t yet having much of an
effect on inflation. Recent data is still showing that inflationary
numbers are decreasing in certain regions. According to last week’s
data the Euro-zone showed that their numbers had dropped during the
month of April.
On individual pairs, the Dollar continued to lose strength during early morning hours against counterparts. While the Forex market hasn’t presented any major moves volatility should start to pick up, especially as a vast amount of economic data is scheduled to be released.
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