The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Will the FOMC meeting push the USD?
The Federal open market committee will release the monetary policy statement and announce the official rate on May 1, at 21:00 MT time.
We don’t expect any changes to the current interest rate this time. However, the Federal Reserve may provide some hints on the further path of its monetary policy. The recent comments by the FOMC members showed that the bank would stick to its patient tone for the foreseeable future. If Mr. Powell surprises the market with more optimistic comments, the USD will rise.
• If the FOMC is hawkish, the US dollar will go up;
• If the FOMC is dovish, the US dollar will go down.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
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.