
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
On Friday, the evergreen buck modestly dived versus other key currencies, as everlasting uncertainty over the fate of a key American tax reform plan as well as worries over an investigation into Trump's presidential campaign put pressure.
On Thursday, the US House of Representatives officially approved a broad package of tax cuts.
The currency pair EUR/USD managed to grow 0.21% being worth 1.1795, GBP/USD rallied 0.42% trading at 1.3249.
Additionally, on Friday, ECB Governor Mario Draghi told that the major bank should be patient enough when normalizing monetary policy.
He added that the ECB's bond purchasing program could be extended beyond September 2018 if required.
The currency pair USD/JPY went down 0.44% trading at 112.55, USD/CHF declined 0.26% being worth 0.9914.
The Australian as well as New Zealand dollars headed south, with AUD/USD dipping 0.45%to 0.7554 and NZD/USD diving 0.79% to 0.6794.
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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