What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
Aussie and Kiwi are nearly intact vs. US dollar in late trade
On Wednesday, the Australian as well as New Zealand dollars were nearly intact versus their American rival after the publication of positive Australian data. Additionally, market sentiment remained backed worldwide.
The currency pair AUD/USD was intact, sticking to 0.8026.
Earlier, the Westpac Banking Corporation informed that consumer sentiment leapt by 2.5% in September after a 1.2% sag last month.
Meanwhile, market sentiment kept improving because Hurricane Irma have caused less damage than previously anticipated. Moreover, financial markets appreciated the absence of any fresh provocations from North Korea.
Aside from that investors seemed to neglect North Korea’s rejection of sanctions recently imposed by the UN Security Council.
On Monday, the Security Council voted to increase sanctions on the isolated regime, thus responding to its sixth nuclear test.
The currency pair NZD/USD was nearly intact demonstrating an outcome of 0.7290.
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?
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
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