The dollar resumed its bassist feeling and returned to the minimum area of several months on Wednesday, always in a context of unaltered rates and the neutral message of Chief Powell in his comments in Chicago.
This is what you need to know on Thursday, April 17:
The dollar index (DXY) fell to the low zone of 99.00, accompanied by a new decrease in US yields along the curve. Construction permits, housing beginnings, manufacturing index of the Fed of Philadelphia and initial weekly unemployment applications are expected.
The EUR/USD recovered bullish traction, reviewing the limits of 1,1400 after two consecutive daily setbacks. The European Central Bank (ECB) is expected to reduce its interest rates at 25 basic points.
The GBP/USD reached new maximums just a few pips from the 1,3300 key barrier, losing some impulse later. The next thing on the United Kingdom agenda will be the preliminary PMIs of manufacturing and Global S&P services on April 23.
The USD/JPY set aside the rebound on Tuesday and focused again on the decline, going back to new seven months in the area below 142.00. The results of the trade balance will be published together with the weekly investment readings in foreign bonds.
Additional earnings placed the AUD/USD at the distance of shouting from the 0.6400 region, reaching new maximums of several weeks. The critical labor market report takes the center of the stage in Australia.
The WTI prices maintained their irregular performance on Wednesday, moving modestly to around $ 62,00 per barrel after the headlines of new US sanctions against Chinese importers of Iranian oil.
Gold prices rose to a historical maximum above $ 3,340 per Troy ounce, backed by uninterrupted flows driven by rates towards the safe refuge universe and the weakness of the dollar. Silver prices rose even more above $ 33,00 per ounce, or new two -week maximum.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
