USD/CHF and EUR/CHF rose to tactical highs. What's next?
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.
Eurozone, France, and Germany will publish the flash services and manufacturing PMIs on February 19, from 10:15 to 11:00 MT time
Australia will publish the employment change and unemployment rate on February 18, at 02:30 MT time.
Great news for oil bulls! OPEC and its allied producers agreed to expand output cuts for the next month.
The USD skyrocketed after Fed Powell’s speech. OPEC and allied producers agreed to extend production cuts for another month. Oil surged.
The European Central Bank publishes its monetary policy statement that includes an announcement of the interest rate on March 11, at 14:45 MT time.