investingLive European FX news wrap: Markets rangebound amid US holiday.It's been a very boring session amid lack of news and data releases. The US holiday isn't helping either as the price action in the markets has been mostly rangebound as traders are still digesting last week's US data.
Dollar Index (DXY) Stabilises After CPI Release.Late January proved exceptionally volatile in the currency markets, as reflected by the ATR indicator. However, following the rebound from the four-year low (B), price swings on the DXY chart have narrowed, suggesting a degree of market stabilisation.