Review of the Week

The American dollar has strengthened.

Economic News
23 thg 10, 2017
Review of the Week

The US dollar continues to strengthen against most currencies. In the near future we expect Donald Trump to nominate a new head of the Federal Reserve. The new approved budget for 2018, the year when a new tax reform may be adopted, fueled investor interest in the USD. The likelihood of the expected interest rate increase in December is up to about 90%. Against the background of these expectations the dollar was able to reach 3-month highs.

According to the results of the early parliamentary elections held yesterday in Japan were won by the ruling party and current prime minister Shinzo Abe, who has conducted and continues to conduct a soft monetary policy. By the beginning of the opening of trading the yen against the dollar continued its decline. The yen opened with a gap relative to other pairs.

In terms of the situation in Europe, the Catalan independence referendum continues to play an important role. Based on this background and mixed feelings on the European stock market, the euro continues to weaken.

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SuperForex
The Global Economy

Economic News

The Global Economy

Data on the US economy encouraged investors.

SuperForex
20 thg 10, 2017
Bitcoin Drops

Economic News

Bitcoin Drops

Investors got spooked over new rumors of regulation for cryptocurrencies.

SuperForex
19 thg 10, 2017
Overview News

Economic News

Overview News

Today new data on the GDP of China was published.

SuperForex
19 thg 10, 2017