What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Aussie gives up some revenues on China data
On Thursday, the Australian dollar gave up some earlier revenues because a surprise leap in jobs for August data was compensated with weaker fixed asset investment, industrial output and retail sales figures from key trading partner China.
The currency pair USD/JPY hit 110.47, sliding 0.01%, AUD/USD reached 0.8003, ascending 0.21%.
The U.S. dollar index, gauging the US currency’s value against six major currencies, grew 0.06% reaching 92.45.
China unveiled fixed asset investment for August, which soared 7.8%, versus the 8.2% leap expected on year. Additionally, industrial output grew 6%, versus a 6.6% rally observed on year. Retail sales inched up 10.1% versus a 10.5% jump observed on year.
Australia posted jobs data with the employment change figure leaping by up to 54,200 versus gain of about 15,000 jobs observed for August under a participation rate of nearly 65.3%, which is higher the 65.1% expected, and an unemployment rate stuck to 5.6%.
What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
The OPEC meeting and the US Nonfarm Payrolls rocked the market last week. The market is torn between optimism about the global economic recovery and concerns about the new coronavirus strains.
What events to follow and how to trade during the week of July 2-6?
EUR/USD retraced to 1.1870 after breaking out this level. It should be just a natural sell-off ahead of the further rally up.
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!