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Dollar, Euro Range-Bound Ahead of Central Bank Meetings, North Korea Summit

(KITCO) The U.S. dollar and euro on Monday were range-bound ahead of decisive meetings of both central banks this week and President Donald Trump’s summit with North Korean leader Kim Jong Un in Singapore on Tuesday.

“Today has mostly been ranges. The euro has been 1.1805, 1.1810, bouncing back and forth. I think a lot of that has to do with… confirmation that we’re going to be getting some indication from the ECB about the ending of QE,” said John Doyle, vice president of dealing and trading at Tempus, Inc in Washington D.C., referring to quantitative easing.

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