Tuesday brought disappointment to the stock markets across Asia, while in Europe they have so far been lukewarm this week. Currently investors have less of an appetite for assets due to the United States dominating the global scene and the USD appreciating consistently against all currencies.
The economic developments in the States are affecting the markets, as are the negotiations with China, which already boosted stocks several times in the past. Investors are now wary of the upcoming rate hikes by the Federal Reserve.
Meanwhile, the price of oil continues to grow steadily. Right now an important factor for that is the crisis in Venezuela, which is limiting supply out of the South American country. The Brent brand of crude oil touched $79.40, while the American variety as trading near $72.50.
The most important event today that has a bearing on currencies will be a speech by numerous members of the Bank of England, including Carney, today at 8:15 GMT.
