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 Sep. 4-8
The fundamental picture for the US currency looks rather grim. Geopolitical tensions increased as North Korea launched a missile that flew over Japan on Tuesday and claimed to have detonated a hydrogen bomb on Sunday. In addition, Trump’s Administration ordered to close 3 Russian diplomatic facilities in the United States. On the domestic front, hurricane Harvey may be the most expensive natural disaster in the US history. No big announcement on the US tax reform came from Donald Trump. Finally, US labor market figures for August brought a big disappointment. America created only 156K jobs vs. 180K expected. Unemployment rate increased to 4.4% and monthly wage growth slowed down to 0.1%.