The US dollar (USD) was negative, extending the losses of Monday and reviewing the minimum area of several days. In fact, the renewed concerns about the US economy kept La Moneda under pressure on Tuesday, while new commercial nerves also contributed to the bad atmosphere.
This is what you have to observe on Wednesday, May 21:
The US dollar index (DXY) once again tested the proximity of the psychological support of 100.00 in the midst of the increase in US yields and new nerves on the health of the US economy. The following on the US Agenda will be the usual MBA mortgage requests, followed by the EIA weekly report on the US oil inventories of the US.
The EUR/USD rose even more and review the 1,1280 region once again in response to the bearish action in the dollar. The ECB will publish its financial stability report, followed by P. Lane’s speech.
The GBP/USD registered humble profits, adding to Monday’s progress and approaching the obstacle of 1,3400. The United Kingdom agenda will include the key inflation rate for April.
The USD/JPY extended its fall to new two -week minimums near the 144.00 zone, going down for the sixth consecutive day. Japan’s trade balance figures are the following on the agenda.
The Aud/USD set aside the strong progress of Monday and focused on the decline while the operators evaluated the Dovish cut of the RBA. The following in Australia, Westpac will publish its advanced index.
The WTI extended its weekly recovery above the mark of 62.00 per barrel in the middle of a constant caution about the conversations between the US and Iran and China’s data.
The gold added to Monday’s optimism and advanced at maximum of several days near the 3,290 $ per Troy ounce, backed by a growing prudence on the geopolitical scenario and the US trade policy. The prices of silver followed the same path, climbing for the second consecutive day and reaching maximum of five days above the brand of 33.00 $ 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.
