What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
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.
The OPEC meeting and the US Nonfarm Payrolls rocked the market last week. The market is torn between optimism about the global economic recovery and concerns about the new coronavirus strains.
All eyes are turning to the Federal Reserve and the US dollar. How to trade XAU/USD, EUR/USD, and GBP/USD?
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…