020 7898 0500A quiet day started the week for the dollar, unsurprisingly given the fact that US markets were closed in observance of Columbus Day. This meant no activity and no data from stateside, giving investors elsewhere little to act on. As a result, the dollar fell against the majority of its major partners, but did gain ground against a weakening sterling.
Moving in to today, the dollar will look to kick start its week and make up for lost time yesterday. However, there is still a lack of activity on the data front, and as such the dollar may still struggle to gain support. Investors will look further into the week with speculation likely over future releases, on an otherwise quiet start to the week.
