Let’s have a look at the economic calendar.
US dollar: forecast for May 8-12
In the coming days, the most important releases in American economic calendar will be on Thursday (PPI, unemployment claims) and Friday (CPI, retail sales, preliminary consumer sentiment). Comments from the Federal Reserve members late on Friday will shape the market’s expectations about the Fed’s actions in June and will determine the sentiment about the American currency.
The market sentiment improved based on an ease of the trade war tensions between China and the US.
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Watch and find out the key levels for EUR/USD, GBP/USD and NZD/USD for today!