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Important release in Australia
AUD/USD is a dynamic and interesting currency pair. If you trade it, you will certainly need to know about an important economic release that will take place at 04:30 MT time on August 30.
Australia will publish private capital expenditure figures. To put it simply, this indicator shows how much money Australian companies spend to develop their business. This is a leading indicator of the country’s economic health. It’s released once in 3 months, so its impact on the AUD exchange rate is high. The last 2 times, the indicator missed the forecasts, and the AUD declined.
• If the indicator is higher than expected, the AUD will gain.
• If the indicator is lower than expected, the AUD will fall.
The ECB statement and US unemployment claims will be out today. How the market will react?
The focus of traders’ attention shifted from concerns about the virus resurgence to hopes for a US stimulus package. As a result, the market sentiment improved, driving riskier currencies and stocks to the upside.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.