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!
British pound declines in Asia as markets wait for Brexit details
On Wednesday, the British pound dropped in Asia, as markets looked ahead to Britain’s formal move to start a split from the EU later in the day, an historic moment, which will see British Prime Minister Theresa May outline the end game on areas from defense cooperation to trade.
The currency pair GBP/USD dived 0.39%, trading at 1.2399.
The US dollar index, assessing the greenback’s actual value against a trade-weighted basket of six crucial currencies, inched up 0.06%, trading at 99.59.
The currency pair USD/JPY hit 111.21, soaring 0.04% after retail sales data in Japan demonstrated a lower than expected ascend of 0.1% from a 0.5% surge expected.
The currency pair AUD/USD soared 0.16%, being worth 0.7645.
Overnight, the greenback grew against a basket of key currencies, as traders shifted focus from Trump’s healthcare bill setback to positive economic data as well as bullish comments from Federal Reserve officials.
.jpg)
Similar
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.
USD and GBP Traders Await Big Moves
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.
Latest news
The US Dollar Is Correcting
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
Bearish Signal For The USD
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
Current Risks for Developed Economies
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
