The dollar navigated a fairly bearish session on Thursday, giving up a large portion of Wednesday’s gains despite higher yields and amid persistently firm sentiment in the risk-on universe.
Here’s what you need to know on Friday, September 27:
The US Dollar Index (DXY) fell noticeably and revised the 100.50 region in a favorable context for the risk-related galaxy. The data of the PCE will get all the attention, followed by the final data on Michigan Consumer Sentiment, Personal Income and Personal Spending.
EUR/USD managed to regain some composure and faded most of Wednesday’s sharp pullback, revisiting the 1.1190 area. The German labor market report will be the focus, along with final Consumer Confidence, Consumer Inflation Expectations and Economic Sentiment. Additionally, Cipollone and Lane of the ECB are expected to speak.
GBP/USD regained the 1.3400 barrier and above, reaching new yearly peaks thanks to the improved tone in the risk space. The next major data release across the Channel will be the GDP figures on September 30 along with Mortgage Approvals.
USD/JPY rose to three-week highs north of the 145.00 mark before giving up most of those gains towards the end of the day. Inflation figures are expected in Tokyo along with weekly Foreign Bond Investment figures and the final Coinciding Index and Leading Economic Index.
AUD/USD rallied noticeably and once again flirted with the key 0.6900 barrier on news of fresh stimulus in China and the faltering tone of the dollar. Next on the agenda in Australia will be the Mortgage Credit and Private Sector Credit figures.
Another negative day saw WTI prices fall below the $67.00 per barrel mark, hitting new two-week lows due to OPEC+ plans to increase oil production.
Gold prices maintained their well-established bullish trend and reached an all-time high near the $2,690 per troy ounce mark despite higher yields in the US. Silver followed the same path and rose to the $32.70 area. $ per ounce for the first time since December 2012.
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.