The dollar managed to print marginal profits on Wednesday, enough to extend its recovery ongoing since the minimum of several years of last week, in the midst of the persistent restlessness around the white house policies and Trump’s threats to impose additional tariffs.
This is what you have to observe on Thursday, July 10:
The US dollar index (DXY) flirted with maximum of several days above the 97.00 barrier despite lower yields in the US in general. Initial weekly unemployment requests will be published. In addition, Fed Musalem, Waller and Daly members are scheduled to speak.
The EUR/USD resumed its decline, approaching the key support of recent recent in the region below 1,1700. The final inflation rate in Germany will be published before Cipollone speech of the ECB.
The GBP/USD was negotiated in an unfinished range near the 1,3600 area after the lack of direction in the dollar, while the operators remained attentive to the fiscal front of the United Kingdom. RICS’s housing price balance will be the only data publication on the other side of the channel.
The USD/JPY could not maintain an earlier movement towards new two -week maximums above the 147.00 barrier, finally succumbing to the sale pressure and closing the day with modest losses in the low zone of 146.00. Production prices and weekly foreign investment figures in bonds are the center of attention in Japan.
A volatile day he saw the aud/USD challenging the key support in 0.6500, only to win impulse later and flirt with 0.6540 as the American session came to an end. The Westpac consumer confidence index is the next thing on the agenda in Australia on July 15.
WTI prices, American reference, added to the weekly rebound and approached the key level of $ 69.00 per barrel in the midst of tariff threats, geopolitical concerns and an American production in cooling.
Gold prices advanced modestly beyond the key level of $ 3,310 per Troy ounce on Wednesday, after the indecisive price action in the dollar and lower yields in the US in general. Silver prices, meanwhile, fell for the third consecutive day, approaching the level of 36.00 per ounce.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
