The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Greenback gains some ground on American rate lift expectations
On Wednesday, the evergreen buck soared versus other key currencies, underpinned by rising hopes for a June rate lift in America, and as traders turned their attention to a major American employment report, expected to emerge at the end of the week.
The currency pair EUR/USD went down 0.11%, hitting 1.1174.
On Tuesday, the evergreen buck sagged after Tuesday’s data disclosed that the CB consumer confidence index went down to 117.9 in April, which doesn’t match hopes for a soar to 119.8.
However, the American Commerce Department told that consumer spending inched up 0.4% the previous month, which is in line with economists’ predictions. It turned to be the biggest soar in four months.
The major American currency has also been suppressed amid fears that investigations into Donald Trump's relationships with Russia could block his administration's progress on recently promised stimulus measures.
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!
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 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!