On August 28, the CAD reached the highest level against the USD since the beginning of June 2018.
Daily Market Analysis
At the end of the previous week, gold rose the most in five months after the Fed’s chairman Mr. Powell gave a dovish speech at the Jackson Hole Symposium.
The Brazilian real is the third Emerging Market currency that has shown the biggest depreciation against the US dollar since the beginning of 2018.
This week the governor of the Reserve Bank of Australia Mr. Lowe proved again that the bank wants to see the weak AUD and interest rates remaining at a record low “for a while yet”.
The US Federal Reserve will release the minutes of its August meeting today at 21:00 MT time.
Do you want a fascinating trading? The oil market is just perfect for you as it never stays calm.
BTC/USD tested levels around $5880 yesterday, the lowest level since the end of June. However, the cryptocurrency didn’t stay low for long.
Increased worries about the no-deal Brexit pulled the pound down.
In the recent days, the US dollar index reached the highs of July 2017.
USD/TRY opened the week with the gap up and rose to a new record high abive 7.00.
Today we will have a look at the currency of the third-largest Southeast Asian economy – Malaysian ringgit.
The strong rise of the USD caused by the tight monetary policy of the Fed made emerging market currencies depreciate.