
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
On Wednesday, the American dollar was fluctuating close to 15-month minimums versus a currency basket because traders shifted their attention to major economic events this week, especially Friday’s American jobs report for July.
The US dollar index was worth 92.83, having declined to 92.64 on Tuesday, which is its lowest reading since May 2016.
The evergreen buck has been suppressed by a bunch of concerns over political turmoil in the US, not to mention recent dismal economic reports that have spurred doubts over the future pace of policy tightening by the key US bank.
The greenback had been underpinned by the Fed's gradual policy tightening since 2015, although the prospect that other key financial institutions might join it in tightening monetary policy has also contributed to dollar weakness.
Versus the Japanese yen, the greenback grew, with USD/JPY soaring 0.31% hitting 110.69, drifting away from its seven-week minimum of 109.92 demonstrated on Tuesday.
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
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