The dollar managed to recover some equilibrium and set aside three consecutive daily setbacks after the Fed maintained its interest rates in its meeting, as widely anticipated.
This is what you need to know on Thursday, March 20:
The US dollar index (DXY) recovered some purchase traction and bounced from the minimum area of ​​several months despite a fed backward in the US yields throughout the curve. The usual initial applications of weekly unemployment subsidy will be published, followed by the manufacturing index of the Fed of Philadelphia, the sales of existing housing and the advanced index of CB.
The EUR/USD retreated significantly and returned to the region below 1,0900 in response to the improved feeling around the dollar. Producer prices in Germany will be published together with construction production in the broader euro zone. In addition, Lagarde and Lane of the ECB are expected to speak.
The GBP/USD was subjected to a renewed selling pressure and re -tested the minimum of two days about 1,2960, only to bounce later. A very interesting United Kingdom calendar will see the decision on the interest rates of the BOE, followed by the publication of the Labor Market Report and the CBI industrial trends orders.
The USD/JPY yielded the initial movement beyond 150.00 and backed away the 148.80 area after the Fed. The following on the Japanese agenda will be the publication of the inflation rate and the weekly investment figures in foreign bonds.
The aud/USD maintained the offer position and fell to the low 0.6300, approaching the minimum of three days at the same time. The Australian labor market report will be the only publication in Australia.
WTI prices advanced modestly above the mark of 67.00 per barrel in the middle of the evaluation of operators on the commercial policy of the current US, as well as the geopolitical news of the war between Russia and Ukraine.
Gold prices advanced to a record peak beyond the 3,050 $ brand per Troy ounce after the Fed hired two rates cuts this year and US yields receded in general. Silver prices faced some downward pressure after having reached annual peaks beyond the 34.00 brand per ounce the previous day.
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.
