Forex News

It’s a busy day ahead on the economic calendar. Economic data from the Eurozone, Canada, and the U.S will be in focus today.

SINGAPORE (Reuters) – The dollar slipped to multi-week lows in Asian trading on Thursday after fresh reassurance that U.S. interest rate hikes are distant and as riskier currencies drew support from China’s efforts to soothe stock market jitters.

Economic data from the Eurozone and the U.S will be in focus. Expect GDP and jobless claim figures from the U.S to be key later in the day, however.

NEW YORK (Reuters) – The dollar edged higher on Wednesday, even as investors held off placing major bets ahead of the outcome of a U.S. Federal Reserve meeting, keeping currency moves largely contained.

LONDON (Reuters) -Sterling held firm near a 13-day high against the dollar on Wednesday as a fall in UK COVID-19 infections raised investor hopes that the Bank of England could be less dovish than expected when it meets next week.

It’s a relatively quiet day ahead on the economic calendar. German consumer sentiment will be in focus early in the day. The main event, however, is the FED monetary policy decision and press conference.

Experts are looking for clues on how the economy in the US is doing, as well as the effects of high inflation rates on interest rates. Additionally, they will be watching tapering plans.

President Joseph Biden’s recovery plan will provide substantial budget support for the recovery and tackle important structural bottlenecks. But a return to a more sustainable fiscal position after the crisis remains crucial.

Beijing’s crackdown on ed-tech and fin-tech among other things continues to reverberate. Sharp falls in the likes of Meituan and Alibaba dragged Asian shares to seven-month lows while U.S. and European markets are tipped to open lower and the yen is a touch firmer.

SINGAPORE (Reuters) – The U.S. dollar hovered below recent peaks on Tuesday, as investors turned to this week’s Federal Reserve meeting for clues on the policy outlook, while cryptocurrencies pulled back sharply from an attempt to break out of a monthslong range.

It’s a quiet day ahead on the economic calendar. U.S consumer confidence and core durable goods orders will draw attention later in the day, however.

CHICAGO (Reuters) – The $22 trillion market for U.S. Treasury securities may get a reality check from the Federal Reserve this week following a plunge in interest rates that bucked expectations of higher yields this year as the economy rebounds from the COVID-19 pandemic.

It’s a quiet day ahead on the economic calendar. German business sentiment figures will be in focus later this morning. Expect any COVID-19 news updates to also draw attention.

NEW YORK (Reuters) – The U.S. dollar on Friday notched a second week of gains, after a few volatile days when currencies moved with shifting risk appetite, as the market shifted focus to next week’s Federal Reserve meeting.

MOSCOW (Reuters) -The Russian Central Bank Governor Elvira Nabiullina spoke at an online press conference after the central bank raised its key rate to 6.50% on Friday.

FRANKFURT (Reuters) – European Central Bank policymakers do not expect to decide on the future of their emergency bond purchase programme in September as there will still be uncertainty over the path of the pandemic at that point, three sources told Reuters.

LONDON (Reuters) -Sterling fell on Friday after a survey showed Britain’s economic rebound slowing sharply in July when a spike in COVID-19 cases forced hundreds of thousands of workers to self-isolate under government rules.

It’s a busy day ahead on the economic calendar. Prelim private sector PMIs for July are due out. For the Loonie and the Pound, retail sales figures will also influence.

LONDON (Reuters) – Prime Minister Boris Johnson urged European Commission President Ursula von der Leyen on Thursday to consider seriously Britain’s proposals to change what he called the “unsustainable” way a Brexit deal is governing trade with Northern Ireland.

FRANKFURT (Reuters) – A fresh wave of the coronavirus pandemic could pose a risk to the euro zone’s economic recovery, European Central Bank President Christine Lagarde said on Thursday, after the bank hinted at an even longer period of monetary support.