What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Aussie reaches one month peak following better than seen Q1 GDP
On Wednesday, the Australian dollar reached a one-month peak after better-than-expected first quarter surge figures, while market participants brace for a big day on Thursday with the ECB, testimony by sacked FBI chief James Comey as well as the UK election.
Evaluating the US dollar’s actual strength versus six crucial currencies, the US dollar index jumped 0.08%, trading at 96.58.
Australia announced its first quarter GDP leapt 0.3%, compared with a revenue of 0.2% seen quarter-on-quarter as well as 1.7% annual pace, unlike a 1.5% profit observed.
The currency pair AUD/USD demonstrated 0.7540, rising 0.44%, USD/JPY hit 109.48, soaring 0.06%. As for GBP/USD, this currency pair hit 1.2902, sliding 0.09%.
The better than expected performance emerged just one day after the Reserve Bank of Australia stressed that that surge is supposed to have slowed during the March quarter. Along with disappointment in Australia’s current account, it helped some experts to expect a quarterly economic contraction.
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.
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!
What will happen? The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29…
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!