Online Forex broker
On Monday, in Asia, the evergreen buck soared versus most other currencies due to the fact that market participants are waiting for further news on China trade negotiations.
Tracking the purchasing potential of the US currency against a number of its main peers the USD index jumped by up to 0.1%.
The previous week the USD index managed to rally by 1.2% on fears about a weakening global economy as well as soaring uncertainties surrounding the US-China trade conflict. What’s more, it appeared to be the currency’s most impressive weekly ascend since May last year.
Progress in China-US trade negotiations will probably become one of the key drivers of the financial markets this week because high-level statesmen gather in Beijing for another round of talks bursting out on Monday after the last meeting between the two sides resulted in no deal.
The two leading countries are struggling to come to a compromise before the 90-day truce between the trading partners expires on March 1. American leader has threatened to ramp up levies on Chinese goods if the deadline ends up without a deal.
This week, market participants are expected to receive an update on American inflation.
Consumer prices report is anticipated to show up on Wednesday. As for producer prices as well as December retail sales figures, they will be uncovered on Thursday.
Besides this, the currency pair USD/CNY rallied by 0.5%.
The Shanghai Composite along with the Shenzhen Component headed north having returned from a week-long Lunar New Year holiday.
On Thursday, China is expected to reveal its latest trade figures. The day after China will uncover its data on inflation.
The currency pairs AUD/USD and NZD/USD tacked on by 0.2%.
This week, the Reserve Bank of New Zealand will uncover its benchmark interest rate.
On Friday, the evergreen buck moderately rallied versus its counterparts, staying on track for posting consecutive weekly profits for the first time since November…
Will we finally see any price action for Bitcoin?
On Thursday, digital coins declined due to the fact that JP Morgan uncovered its own crypto asset expected to help the well-known bank to settle payments between its customers…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
