Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
Greenback stands still as Fed leans on dovish side
On Thursday, the US dollar stood still at lower levels after losses overnight because the major US financial institution leaned on the dovish side.
As expected, the Fed increased its target rate by 25 basis points, though signaled only two more lifts in 2017.
The greenback index was off 0.01%, being worth 100.35, having dropped 1% overnight.
The FOMC pointed out that the pace of the economic revival justified gradual tightening.
Fed Chair Janet Yellen hinted that the major US bank would tolerate inflation above its 2% objective.
In its statement the Fed informed that its objective happens to be symmetric, stressing that 2% isn’t a ceiling for them at all.
The US dollar was off 0.31%, reaching 113.04 yen as Japan’s major bank kept its policy on hold, as expected.
The BOJ short-term key lending rate is intact at -0.1% and its objective for the 10-year bond yield is at zero.
The common currency euro hit the $1.07 mark, following the outcome of the Dutch elections.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
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.