
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
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.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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The RBA and the Bank of Canada will add volatility to the AUD and the CAD, while USD is expected to be boosted by the Non-farm payrolls.
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