The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
ECB dislikes tighter conditions, though euro risks are more balanced
Head of Global Economics at ANZ, Brian Martin explains that they’re actually assured that the European Central Bank will be quite slow when it comes to changing policy direction, especially considering an absence of underlying inflation as well as wage pressures.
As for other risk premia in the euro area, they turn to be diminishing which are ensuring some underpinning to the common currency amid disappointment with Donald Trump’s policy implementation.
The risk of a further upward shrink in the common currency can’t be ruled out, although policy makers are reluctant to face an ongoing FX-led tightening in monetary conditions.
As a result, for the common currency there’re several positives in diminishing risk premia. Well, in the short run, versus a backdrop of gloomy mood over American policy implementation, these could give the euro some further upside impetus. By the way, interest rates were last decreased over a year ago, and the EU economy has managed to expand with evident signs that the upswing’s actually broadening.
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
Some progress in US debt ceiling talks is made, and the PMI data is out.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!