Market updates on September 12
ECB meeting is on the agenda. Will the EUR get weaker?
Greenback slumps on worries of American government shutdown
On Friday, the US currency dived versus other key currencies, amid concerns of a probable government shutdown on Saturday.
Market sentiment on the US dollar was quite vulnerable because American lawmakers were struggling to come to a compromise as for a federal budget deal on Thursday.
The evergreen buck has also been suppressed by worries that the global economic revival is going to outpace American surge and also help other key financial institutions, including the ECB to start unwinding loose monetary policy at a faster tempo.
Gauging the greenback’s value versus a trade-weighted basket of six crucial currencies, the US dollar index slumped 0.13% hitting at 90.19.
The common currency ascended, with EUR/USD adding 0.15% reaching 1.2256, GBP/USD stood still at 1.3900.
The Japanese yen and the Swiss franc managed to grow, with USD/JPY sliding 0.25% to 110.82 and USD/CHF losing 0.18% being worth 0.9570.
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The British pound falls further ahead of the Cabinet meeting
The news that opposition lawmakers plan to stop Boris Johnson to leave the European Union without a deal increased the political uncertainties in the UK.
The market awaits NFP
The level of non-farm payrolls (NFP), also known as non-farm employment change will be published on September 6, at 15:30 MT time.
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Market updates on September 13
The retail sales for the US in focus today
"Buy the rumor - sell the fact" action for USD/TRY
During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
Traders await the releases for the USD
The USA will publish the level of retail sales and core retail sales on September 13, at 15:30 MT time.
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