The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Greenback index declines with eyes on Fed verdict
On Wednesday, the evergreen buck tumbled versus other key rivals because market participants were still cautious ahead of the Fed’s policy decision due later in the day and amid renewed geopolitical concerns.
The currency pair EUR/USD gained 0.12% getting to one-week maximum of 1.2010.
Market sentiment on the US currency was still fragile because market participants waited for the result of the Fed's monthly policy gathering.
The Fed was generally believed to leave interest rates intact, although it was expected to unveil plans to adjust its $4.2 trillion in bond holdings.
Market participants were cautious following renewed tensions between North Korea and the USA especially considering Trump’s recent hawkish statements.
Aside from that the currency pair GBP/USD leapt 0.18% being worth 1.3525, drifting away from Monday's 15-month maximum of 1.3619.
NZD/USD rallied 0.77% reaching a six-week peak of 0.7370.
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.
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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