What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Aussie and Kiwi drop vs. stronger US dollar
On Thursday, the Australian and New Zealand dollars tumbled against their US rival, as the major American currency remained backed by the issue of positive American data earlier in the week.
The currency pair AUD/USD slumped 0.20%, hitting 0.7655.
The US dollar remained backed after on Wednesday, the US National Association of Realtors told that its pending home sales soared by 5.5% the previous month, thus more than doubling expectations for a soar of 2.4%.
The data arose just a day after the US Consumer Board told that its consumer confidence index inched up to an almost 17-year peak of 125.6 in March from 116.1 last month, which is far above hopes for an outcome of 114.
The greenback was also backed after on Monday Chicago Fed Bank President Charles Evans along with Dallas Fed President Robert Kaplan stressed that the Fed will continue its current monetary tightening policy.
The currency pair NZD/USD decreased 0.17%, trading at 0.7019.
What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
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.
The Reserve Bank of Australia (RBA) will hold a meeting and announce changes to the monetary policy on August 3, at 07:30 MT time (GMT+3).
What events to follow and how to trade during the week of July 2-6?
EUR/USD retraced to 1.1870 after breaking out this level. It should be just a natural sell-off ahead of the further rally up.