Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Aussie heads north on major bank minutes outlook
On Tuesday, the Australian dollar grew after the country’s key financial institution minutes painted a probable stronger than expected jump spurt in the approaching year in rather a light data day with North Korea somewhat toned down on launching missiles at the US territory Guam.
The Reserve Bank of Australia reiterated its warning on leaping household debt because of a macro-economic risk, though suggested that "above potential" economic surge was probable ahead without indicating any change in its steady interest rate views, as follows from the board meeting minutes of its August gathering issued on Tuesday.
The currency pair AUD/USD hit 7871, soaring 0.23%, after the minutes. Meanwhile, USD/JPY reached 110.20, ascending 0.50%.
Estimating the greenback’s value versus a trade-weighted basket of six crucial currencies, the US dollar index rallied 0.05% boasting a reading of 93.39.
Overnight, the US currency was still broadly higher versus the other key currencies in subdued trade on Monday because financial markets kept digesting Friday’s American inflation data. Moreover, geopolitical tensions between America and North Korea seemed to have relived.
Similar
Three Currencies to Watch This Week
We prepared an outlook of major events of this week. Check it and be ready!
The Fed won't miss these releases!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Latest news
The Yen Sets New Lows
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
Experts are Waiting for US Stocks to Rise
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO Supports The USD
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!
