US markets in red ahead of FOMC, dollar advances

FXstreet.com (Edinburgh) -Equities in the US markets are trading on the back foot at the beginning of the week, as investors remain cautious ahead of key data to be released during the week, as well as the key FOMC meeting on Wednesday. The greenback is inching higher, recovering the 81.80 region after last week’s sharp sell-off, in a context dominated by the risk aversion so far. DowJones is down 0.22%, followed by the Nasdaq, 0.29% and the S&P500, 0.32%.

Bourses in Euroland closed flat to positive despite the conservative tone ahead of top-tier data in the US economy and central bank meetings. The IBEX35 led the winners advancing 0.27%, followed by the DAX, 0.17% and the FTSE100, 0.08%. The single currency was alternating gains with losses amidst thin trade and scarce volatility, currently meandering around 1.3260.

The barrel of WTI is down 0.13% at $104.55 while the ounce troy of the precious metal is gaining 0.55% at $1,329.