USD firm with decision from Fed
Markets are awaiting a release of crucial US Final GDP data today, which is expected to tick up from an annualized rate of 1.3% to 1.4%.
A meaningfully higher or lower number might change expectations of when the Fed will begin rate cuts.
According to the CME FedWatch tool, the next rate hike is expected in September this year.
In the Forex market, the Australian Dollar is the strongest major currency since the Tokyo open, while the US Dollar is the weakest.
However, it is worth noting that the US Dollar remains within a valid long-term bullish trend.
US New Home Sales data came in just a fraction below expectations yesterday.
The Governor of the Bank of England will be holding a press conference about the Financial Stability Report today.
There will be releases of Unemployment Claims and Pending Home Sales later today in the USA.
The USD price is still on the rise and solid when information about future bond interest rates increases. However, we do not rule out the case that the Fed will reduce inflation to stimulate employment and strengthen the economy. international
A meaningfully higher or lower number might change expectations of when the Fed will begin rate cuts.
According to the CME FedWatch tool, the next rate hike is expected in September this year.
In the Forex market, the Australian Dollar is the strongest major currency since the Tokyo open, while the US Dollar is the weakest.
However, it is worth noting that the US Dollar remains within a valid long-term bullish trend.
US New Home Sales data came in just a fraction below expectations yesterday.
The Governor of the Bank of England will be holding a press conference about the Financial Stability Report today.
There will be releases of Unemployment Claims and Pending Home Sales later today in the USA.
The USD price is still on the rise and solid when information about future bond interest rates increases. However, we do not rule out the case that the Fed will reduce inflation to stimulate employment and strengthen the economy. international
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