What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
AUD/USD is intact, Kiwi slides in late trade
On Monday, the Australian dollar was a bit changed versus its American rival, while the New Zealand dollar went down because expectations for American rate lift in December kept backing the US dollar, though renewed geopolitical tensions put pressure.
Trading volumes were generally believed to remain thin with American markets unavailable for Columbus Day.
The currency pair AUD/USD didn’t change, sticking to 0.7763, which is not far from Friday's three-month minimum of 0.7732.
The US currency rebounded reacting to reports on Friday that North Korea is on the way to another test of a long-range missile. It drastically contributed to concerns over a potential war in this Asian region.
However, the US currency was still broadly backed because the wage data from Friday's American jobs report was considered to be an inflation driver.
In September, the American economy lost up to 33,000 jobs, as the Labor Department informed.
The currency pair NZD/USD edged down 0.21% being worth 0.7074.
The OPEC meeting and the US Nonfarm Payrolls rocked the market last week. The market is torn between optimism about the global economic recovery and concerns about the new coronavirus strains.
All eyes are turning to the Federal Reserve and the US dollar. How to trade XAU/USD, EUR/USD, and GBP/USD?
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…