The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
NZ Retail Sales
|Statistics New Zealand will announce the country’s retail sales data at 11:45 MT time on February 23. Despite the fact that the data is delivered later than the same figures from other countries, it creates hefty market impacts.|
|If actual reading is greater than the forecast one, the NZD will appreciate against other currencies.|
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.