What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
Greenback dips versus yen In Asia as NKorea tensions revive
On Tuesday, the evergreen buck sank versus the Japanese yen because key bank minutes from Japan demonstrated no surprises, although market participants were still cautious as for tensions on the Korean peninsula, including a recent bunch of threats from Donald Trump.
The currency pair USD/JPY hit 111.62, sliding 0.11%, AUD/USD reached 0.7948, ascending 0.14%. As for EUR/USD, this currency pair grew 0.10% being worth 1.1860.
On Tuesday, the Bank of Japan also issued its monetary policy gathering minutes, which revealed that policymakers are geared up towards sticking with their current policy framework. The minutes also hinted there was solid reason to be optimistic as for consumer prices due to the fact measures of inflation expectations had stopped going down.
Gauging the greenback’s value versus a trade-weighted basket of six key currencies, the US dollar index went down 0.08% trading at 92.37.
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.
All eyes are turning to the Federal Reserve and the US dollar. How to trade XAU/USD, EUR/USD, and GBP/USD?
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…