The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Aussie and Kiwi rise versus broadly weaker greenback
On Wednesday, the Australian and New Zealand dollars ascended versus their American counterpart because a delay on the American healthcare vote suppressed the greenback.
The currency pair AUD/USD managed to soar 0.37%, trading at 0.7612.
The US currency went down after on Tuesday American Senate Republicans dared to postpone a vote on the Trump administration’s healthcare bill because they experienced resistance from party members.
Market participants think that the Trump administration won’t be able to implement tax dips as well as fiscal stimulus steps, without passing the healthcare bill first.
The currency pair NZD/USD edged up 0.26%, trading at 0.7289, having demonstrated a four-month peak of 0.7344 on Tuesday.
On Tuesday, in a highly-anticipated speech Fed Chair Janet Yellen told that banks happen to be much stronger than expected and another financial recession isn’t approaching.
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.
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
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.