
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
On Wednesday, the Australian and New Zealand dollars ascended versus their US rival because doubts over a potential American tax overhaul before the end of 2017 put pressure on the US currency.
The currency pair AUD/USD gained 0.10% being worth 0.7785.
The US dollar was suppressed because Donald Trump's public conflict with Tennessee Senator as well as fellow Republican Bob Corker drove worries over the vote of a crucial tax-code reform.
Traders were also closely watching the minutes of the Fed’s most recent policy gathering, due to be published in the day.
At its September gathering, the Fed had pointed to the possibility of a third rate lift in 2017.
The currency pair NZD/USD surged 0.17% trading at 0.7081.
Worries over Spanish political turmoil relieved, thus raising market sentiment.
Assessing the greenback’s actual strength versus a trade-weighted basket of six crucial currencies, the US dollar index slumped 0.14% being worth 92.96, which is its lowest reading since October 2.
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.
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!
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