FX trading worldwide sees about US$ 7.5 trillion change hands each day, according to the Bank for International Settlements. The US dollar index, GBPUSD, and USDJPY will be especially sensitive to 3 central bank meetings this week, with the Fed taking centre stage.
USDInd rebounds ahead of Fed Chair Powell’s speech
The USD Index continues to consolidate within 105.093-105.827 range ahead of Fed Chair Powell’s speech today (May 14) and key U.S. macroeconomic data scheduled for release today and tomorrow (May 14-15).
This Week: USDInd remains traded around its highest levels since November
USDInd has just ended a run of two straight weekly gains, amid fears that the US economy is headed for a “stagflation” and forecasts for just one Fed rate cut in 2024.
FX trading worldwide sees about US$ 7.5 trillion change hands each day, according to the Bank for International Settlements. The US dollar index, GBPU...
Federal Reserve
Bank of England
Bank of Japan
Dollar index
GBPUSD
USDJPY
The USD Index continues to consolidate within 105.093-105.827 range ahead of Fed Chair Powell’s speech today (May 14) and key U.S. macroeconomic dat...
Next week sees the final FOMC meeting of the year with markets primed, locked and loaded for over 120bps of rate cuts in 2024....
Dollar index
DXY
EURUSD
USDCAD
NFP
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