Evergreen buck stands still before Fed minutes

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.




The US NFP Update: What to Wait for?
The US NFP Update: What to Wait for?

The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.

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Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

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