
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
On Monday, the Australian and New Zealand dollars headed south versus their American rival because hopes for a rate lift as well as tax reform in America before the end of 2017 kept backing demand for the US dollar.
The currency pair AUD/USD went down 0.20% being worth 0.7820, which is not far from last Thursday's two-month minimum of 0.7798.
The evergreen buck was still backed after last week Fed Chair Janet Yellen told that the US key financial institution was considering a third rate lift in 2017.
The US currency received an extra boost from fresh expectations for American tax reform after last Wednesday the Trump administration disclosed plans for a sweeping overhaul of the country’s tax code.
As for trading volumes, they were believed to stay thin with Australian markets unavailable on Monday for the Labor Day holiday.
The currency pair NZD/USD managed to edge down 0.47% being worth 0.7195.
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
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