The US Dollar saw a roller coaster ride last week as with most of the currency pairs. However, towards the end of the week, the Greenback managed to regain some of its lost ground, while the previously gaining currencies such as the Aussie…
The recent developments in capital markets captured the perception of investors over the most boiling problems.
With the major monetary policy decisions, the markets are likely to continue on the broad theme with the US Dollar likely to continue to post losses.
US dollar is experiencing a difficult period after the macroeconomic reports last week, which strengthened the hypothesis of a slowing US economy. Read more
The British Pound was the comeback kid on the block as the currency soared this week, brushing aside election uncertainty risks.
On Wednesday FOMC Statement will be released and market participants are thinking about confronting the idea that their hopes are delayed later than June.
The New Zealand Dollar continued to post losses since late yesterday and found a renewed selling pressure after RBNZ Assistant Governor John McDermott was heard commenting that the New Zealand Central bank would not consider hiking rates…
The last few days were not busy with macroeconomic events, but still the market had reasons not to remain steady.
Australia MI leading index m/m -0.3% vs. 0.1% previously
Australia CPI q/q 0.2% vs. 0.1%; CPI y/y 1.3% vs. 1.7% previously; trimmed mean CPI q/q 0.6% as expected
BoE Meeting minutes
Italy retail sales -0.2% vs. 0.1%…
RBA meeting minutes released
Germany ZEW economic sentiment 53.3 vs. 55.6
Eurozone ZEW economic sentiment 64.8 vs. 63.7
Canada Wholesale sales
Canada budget release
With no major events scheduled during…