Currencies wrap: the best, the worst, the most volatile
Here we gathered the best and the worst performers of the week and the most volatile pairs .
Greenback stands still versus other majors ahead of American inflation data
On Thursday, the evergreen buck didn’t change versus a basket of the other key currencies because market participants waited for reports on American consumer inflation later in the day for new indications on whether the major US bank will raise rates again in 2017.
Estimating the greenback’s actual value versus a trade-weighted basket of six main currencies, the US dollar index hit 91.39.
The given index has ascended 1.14% so far this week, drifting away from the previous week’s more than two-year minimums amid a relief soar spurred by reduced concerns over North Korea’s nuclear program as well as the economic impact of Hurricane Irma.
Renewed expectations for the Trump's administrations plans for a tax overhaul underpinned the evergreen buck on Wednesday.
The greenback sank versus the Japanese yen, with USD/JPY showing 110.36.
The common currency was a bit higher, with EUR/USD being worth 1.1894, staying below last Friday’s two-and-a-half year maximums of 1.2091.
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The European Central Bank will meet today to discuss the current monetary policy and the fate of the quantitative easing program
Retail data may shake the loonie
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
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How are things with Facebook?
The Facebook earnings report is coming at 00:00 MT time on January 30.
Can you ride the tide with Apple?
Apple earnings report is released at 00:00 MT time on January 29.
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