
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
On Monday, the major US currency declined to its lowest value against the Japanese yen since late November in Asia on heightened political risk worries as a Republican-controlled Congress as well as presidency are actually in focus to deliver on economic plans for tax drops and spending following a failed attempt to reform healthcare.
The US dollar index, tracking the greenback’s actual value against a trade-weighted basket of six crucial currencies, dived 0.47%, trading at 99.12.
In Japan, the corporate services price index inched up 0.8% year-on-year, thus ruining an expected 0.5% surge.
The currency pair USD/JPY showed 110.36, sliding 0.91%, AUD/USD hit 0.7624, standing still.
Meanwhile, Prime Minister Theresa May is going to set out how her government intends to restore sovereignty over the UK’s laws on Thursday, releasing a detailed paper on ceasing the supremacy of EU lawmakers.
The currency pair GBP/USD hit 1.2520, jumping 0.38%.
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.
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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!
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