USD/BRL: the Brazilian currency just lost 7% of value to the USD
Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
Evergreen buck stabilizes ahead of Fed
On Wednesday, public holidays along with the approach of the Fed’s monetary policy statement are keeping a tight lid on foreign exchange movements, with the common currency holding on to most of its profits after a firmer-than-anticipated first quarter GDP report on Tuesday.
With EU and Japanese markers closed, the US major bank’s statement as well as Fed Chair Jerome Powell's subsequent press conference will most probably overshadow everything else on Wednesday.
A decision to keep official rates intact appears to be a foregone conclusion. Therefore, market focus will probably be on the Federal Reserve’s interpretation of the previous week’s GDP report. Experts argued that the underlying dynamic of the American economy happened to be weaker than the suggested annualized surge figure of 3.2%, although not weak enough to guarantee cutting interest rates.
The common currency was worth $1.1223, surpassing Tuesday’s outcome by about 0.1% against the backdrop of suspicions that the Eurozone GDP report on Tuesday might not have been as firm as it looked.
Aside from that, the UK pound was staying above $1.3000.
Estimating the greenback’s purchasing potential versus its main rivals the USD index was worth 97.205, standing still.
In addition to this, the probability of China and America striking a trade deal has increased following reports that America had dropped one of its major demands, which is its insistence that China should cease alleged instances of cyber-theft. As some sources state, it has made a watered-down trade agreement more real.
Negotiations can’t resume indefinitely, and both sides require a win. Experts added that American leader might not always obtain he wants.
Similar
CHF: losing value
USD/CHF and EUR/CHF rose to tactical highs. What's next?
USD/MXN: optimistic on the vaccine coming?
During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?
Latest news
S&P ASX 200: one step from a breakthrough
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
Strong USD is back
Jump in to know the latest market news and trade ideas for today!
NZD will be driven by RBNZ
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.
Deposit with your local payment systems
