What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Evergreen buck goes down, as euro dives on political uncertainty
On Friday, the American dollar decreased from an earlier maximum due to the fact the common currency was still suppressed.
Gauging the evergreen buck’s purchasing potential versus its main opponents the USD index added 0.06% being worth 94.67, having hit 94.94 earlier.
In August, consumer spending in America rallied as anticipated, although it appeared to be a bit lower than in July.
The Fed’s key inflation gauge, the personal consumption expenditures price index without energy and food, stood still in August after an ascend of 0.2% in July. By the way, market experts had hoped for a 0.1% ascend.
In addition to this, the major American currency managed to inch up versus the safe-haven Japanese yen and as a result, the currency pair USD/JPY tacked on by up to up 0.13% coming up with a reading of 113.53.
The common currency slumped because market participants were shocked after Italy's authorities had its budget deficit targeted at about 2.4% of GDP for the next three years. It’s apparent that the given move puts this member of the European Union in direct conflict with Brussels.
As a matter of fact, the currency pair EUR/USD demonstrated an outcome of 1.1621 having gone down to 1.1576 earlier, which turns out to be the lowest result since September 12.
As for the UK currency, it went down too due to the fact market participants weren’t optimistic of Brexit talks between the European Union and Great Britain. The currency pair GBP/USD dived by 0.26% trading at 1.3043.
Furthermore, the Australian dollar managed to strengthen. The currency pair AUD/USD added 0.44% trading at 0.7240. The currency pair NZD/USD gained 0.35% showing 0.6636. As for USD/CAD, this pair lost 0.94% reaching 1.2921 because a trade deal between Canada and America looked less real.
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!