What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Evergreen buck stands still before Fed minutes
On Wednesday, the greenback was intact versus a basket of the other crucial currencies after backing away from nearly seven month minimums, while China’s Yuan dropped after the country’s credit rating was reduced.
The U.S. dollar index, tracking the American currency’s strength versus a trade-weighted basket of six leading currencies, hit 97.32.
On Monday, the index reached 96.83, which is the lowest outcome since November 9. It gave up all the revenues it had made following the American presidential election in November amid worries surrounding the Trump election campaign's hypothetical links with Russia.
The greenback reached a one-week peak versus the Japanese yen, with USD/JPY soaring 0.16%, being worth 111.94.
The currency pair EUR/USD hit 1.1177, off the six-and-a-half month peaks of 1.1267 achieved on Tuesday.
The British pound grew, with GBP/USD hitting 0.13% and getting to 1.2974.
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!