US DOLLAR HOLDS GAINS AS FED SPEAKERS STAND OUT IN SOFT START OF T...
- The US Dollar trades slightly up with Columbus Day keeping the bond market closed in the US.
- The economic calendar ahead for this week is light.
- The US Dollar Index orbits around 103.00 and could still move either way.
The US Dollar (USD) edges up slightly at the start of the week with several parts of the US markets closed for Columbus Day. Despite the bank holiday, three Federal Reserve (Fed) members are due to speak. Meanwhile, the additional stimulus package from the Chinese government did not trigger any big moves in markets.
The economic calendar is thus empty due to the Columbus Day bank holiday in the US. About Fedspeak, traders will need to watch out for comments from Federal Reserve Governor Christopher Waller, who has a track record of leaving market-moving comments.
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