
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
On Thursday, the Australian and New Zealand dollars were nearly intact versus their American rival, right after the minutes of the Fed’s latest policy gathering spurred expectations for a June rate lift.
The currency pair AUD/USD stood still at 0.7499.
The major US bank also indicated that interest rates could be lifted soon, though added that it would be waiting for more American economic data.
The currency pair NZD/USD was nearly intact, keeping to 0.7053, just off last session’s two-month high of 0.7060.
Meanwhile, financial markets were still reviving from Moody’s unexpected decision to have China’s credit rating downgraded for the first time in nearly three decades.
Aside from that Moody’s warned that China’s financial strength will probably weaken in the coming years.
China appears to be Australia’s biggest export partner as well as New Zealand’s second biggest export partner.
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Welcome to the first week of October! As usual, at the start of the week, we are looking for valuable insights that will bring us profits in trading. Let’s observe the main events.
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