Do you want to get clues on the most important economic events this week? Are you interested in the markets’ movements that are anticipated this week? Watch our latest outlook on USD, EUR, GBP, oil, gold and more.
US dollar: forecast for Oct. 23-27
The US dollar managed to strengthen a bit during the past week. Positive drivers for the American currency included the Senate’s approval for a budget blueprint for the 2018 fiscal year. This increased the possibility of the upcoming tax cuts as Republicans will be able to pursue them without Democratic support. Investors think that a fiscal boost may push up inflation and make the Federal Reserve raise interest rates more than what markets have expected.