Last week, there were sharp swings in USDJPY, a decline in oil prices, and a surge in Tesla stock. What's next?
Greenback sags in Asia ahead of Fed policymakers
On Tuesday, the evergreen buck dipped in Asia with the Fed in focus as policymaker speeches loom, although an extraordinary day of rumors as for Russian meddling in the presidential election bolstered political risk.
Charles Evans, Chicago Fed President told that the major US financial institution will probably wait until June to decide on the next rate lift.
The US dollar index, measuring the greenback’s actual value against a trade-weighted basket of six crucial rivals, dived 0.14% to 100.02.
Meanwhile, USD/JPY hit 112.60, ascending 0.04%, AUD/SUD reached 0.7719, sliding 0.16% notwithstanding minutes of the Reserve Bank of Australia's March policy gathering that backed market views that policy bias turned to be neutral to a lift as the next move.
Overnight, the major American currency recovered from early session losses to trade moderately higher against a basket of key currencies, as the British pound dropped, following news that Article 50 is going to be triggered next week.
Geopolitical factors and inflation remain the main drivers of financial markets. Let’s see how to use that in trading!
Last week was super intense! Geopolitical turbulence made the Russian ruble the most volatile currency. Gold rose and fell by more than 8000 points each time.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.