The EUR and GBP are on a rally, as the Dollar is still in a slump. AUD/USD is rushing to new heights and will likely grow even more, as soon as unemployment is under control.
The U.S. Dollar let the Euro take a significant lead on Friday, despite the release of good labour market data. But how did this influence Australian Dollar?
Next week bounds to bring some important news on Wednesday, be sure to keep an eye on the economic data, as the trends might change overnight.
Dollar is maintaining gains as FED officials are clearing up their stance of the US economy. The pound is still sitting still, as new problems arise from Brexit predictions.
Trump again masterfully dodged to give a clear overview of taxation, government spending and financial regulations for the financial markets, although some investors noticed hints on the infrastructure spending.
Main trading events to keep an eye out in the upcoming week.
We should buy the Australian index AUS200 in the next few days, as well as Kiwi being ripe for sales.
The US currency floats near the buffer area before Trumps updates. In the meantime, Oil turns downside on the gloomy API report.
Find out the key market-moving events to watch for in the coming week
Dollar starts to decline, as FOMC Minutes had nothing new for the investors. On the other hand Rouble breaks a new level that hasn´t been seen since 2015.
Market performance suggests trading volumes are limited ahead of the Christmas holidays. The Dollar trades with a little change against other major currencies.
The European currency staged a rebound after surrendering to the pressure from Dollar, sending the currency to a 13-years low.
The FED lifts the interest rate, sending Dollar for a new relentless rally.The emerging markets and safe heavens are out of favour.
Market’s response was quite predictable, and rather tame for that matter. It would have been more interesting to see what would have happened, if FED had not raised the rate.
The Dollar slides ahead of the FED, employment in the UK drops the first time in a year.