The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Aussie dives, Kiwi stands still in late trade
On Monday, the Australian dollar sank versus its American rival, while the New Zealand dollar was intact because market participants were still digesting the American government shutdown.
The currency pair AUD/USD slid 0.14% being worth 0.7987.
The US currency initially dropped reacting to Friday’s American government shutdown after Republicans and Democrats didn’t manage to agree on a last-minute deal to finance government operations.
On Sunday, Democratic and Republican leaders of the US Senate held negotiations, hoping to break the impasse.
The evergreen buck has been suppressed in recent trading sessions amid worries that the global economic revival is going to outperform American surge and help other key financial institutions, including the ECB to start unwinding loose monetary policy at a faster tempo.
Besides this, the currency pair NZD/USD stood still, demonstrating a reading of 0.7276.
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.
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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