The Dollar Slowed Its Growth

Will there be changes?

Economic News
04 oct. 2017
The Dollar Slowed Its Growth

For several weeks we watched the strengthening of the reserve currency. At the moment we see a slowdown in its growth rates, to which many factors contribute.

In connection with the recent missile tests of North Korea, then the many verbal exchanges between the United States and the DPRK, we observed the reaction of the markets. The Pentagon reacted and decided to reallocate $400 million to missile defense.

Furthermore, recent statements by US President Donald Trump about the new tax reform have raised investor interest and strengthened confidence in the dollar, but as with his healthcare reform, not everything is as smooth. In addition to some economic factors, the tax plan also caused disagreements among the Republican Party, therefore it is not worth counting on a quick enactment of the reform.

Of the expected events affecting our trading today, we should pay attention to the outputs of the business activity indices as well as the statements of the ECB President Mario Draghi at 20.15 (GMT +3) and the Fed Chairman Jannet Jellen at 22.15 (GMT +3).

For more information about the events for today, see the economic calendar.

SuperForex
Oil Prices Fluctuate, Lower

Economic News

Oil Prices Fluctuate, Lower

Oil is moving slightly unpredictably lately - it was up last week, but now it's down again.

SuperForex
03 oct. 2017
The Euro and the Pound Continue to Decline

Economic News

The Euro and the Pound Continue to Decline

The commotion on the streets gives rise to unrest in the markets.

SuperForex
03 oct. 2017
The Markets Today

Economic News

The Markets Today

A quick view on events that may affect your trades on October 2, 2017.

SuperForex
02 oct. 2017