The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Aussie and Kiwi are almost intact vs. greenback after Fed minutes
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.
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.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!