Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Greenback approaches two-year minimums versus euro after Draghi comments
On Friday, the American currency headed for weekly losses, fluctuating at its lowest levels versus the common currency in almost two years after what financial markets perceived as a hawkish clue from ECB Governor Mario Draghi.
However, the Australian dollar skidded versus the US dollar after quite dovish remarks from a Reserve Bank of Australia official.
The dollar index, assessing the evergreen buck versus a basket of six counterparts, didn’t change, sticking to 94.322, which is not far from its overnight drop of 94.090, its deepest outcome since August 2016.
The common currency caught its breath and stabilized at $1.1626 having climbed to $1.1659 on Thursday. That’s the euro’s loftiest value since August 2015.
The greenback rallied 0.1% versus the Japanese yen hitting 112.06, having touched an overnight minimum of 111.48, which is its lowest outcome since June 27.
The common currency added 0.1% versus its Japanese rival to 130.32 yen.
Similar
Three Currencies to Watch This Week
We prepared an outlook of major events of this week. Check it and be ready!
The Fed won't miss these releases!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Latest news
The Yen Sets New Lows
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
Experts are Waiting for US Stocks to Rise
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO Supports The USD
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!
