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.
Aussie heads south in Asia
On Tuesday, the Australian dollar went down in Asia because the country’s major bank minutes illustrated rather a dismal picture for wage inflation.
The currency pair AUD/USD hit 0.7539, sliding 0.15%, USD/JPY reached 112.56, decreasing 0.05%. As for EUR/USD, this pair showed 1.1738, adding 0.04%.
RBA meeting minutes revealed that the key bank is nervously monitoring labor markets in other key economies. The bank pointed to scant wage pressures notwithstanding full employment.
As minutes of its November 7 policy gathering states, in most advanced economies, surge in wages as well as hourly earnings had been low enough notwithstanding everlasting reductions in spare capacity.
Overnight, the US currency rallied steeply versus a basket of crucial currencies, deriving benefits from a dip in the common currency amid soaring political uncertainty in Germany right after Chancellor Angela Merkel didn’t manage to form a three-way coalition.
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.
The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.
Good morning, dear traders! Hope you’re doing great! Let’s talk about the news that is worth following today! Key market events: 15:30 MT, CAD GDP m/m 17:00 MT, GBP BOE Gov Bailey Speaks Oil is tensed again Oil rose as China refined its approach…
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Hello, dear traders! We hope you have a great day! Let’s see what news is worth following today! Market closing US stock exchanges will be closed due to the Thanksgiving holiday…