What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Greenback is weighed by Xi-Trump summit nerves
On Thursday, the evergreen buck tumbled against a basket of crucial currencies, suppressed by worries over the impending US-China summit as well as geopolitical concerns.
The dollar index vs. a basket of six key currencies decreased 0.1%, hitting 100.480.
It had soared to a three-week peak of 100.850 overnight on a positive ADP report on American private sector employment.
However, the major American currency dipped from the three-week peak notwithstanding hawkish-sounding minutes from the latest Fed gathering, which showed that most policymakers think the Fed needs to start trimming its $4.5 trillion balance sheet later in 2017.
Wall Street stocks reversed an earlier surge and declined on Wednesday, with market sentiment soured as the Fed's minutes revealed that some policymakers considered equity prices to be high enough relative to standard valuation measures.
The US dollar slid 0.2%, being worth 110.500 yen, having tumbled from a peak of 111.450 reached overnight.
What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
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.
Our analyst discusses the latest news and shares his trade ideas on gold, EUR/USD, and S&P 500. Jump in!
The Bank of England will publish a monetary policy statement and update on the interest rate on Thursday, at 14:00 MT time.
The Reserve Bank of Australia (RBA) will hold a meeting and announce changes to the monetary policy on August 3, at 07:30 MT time (GMT+3).