The US dollar backed down even more and returned to levels not seen since March 2022, since fears on the independence of the Fed weighed strongly in the feeling of investors while the operators prepared for the publication of additional inflation data on Friday.
This is what you have to observe on Friday, June 27:
The American dollar index (DXY) backed down for the fourth consecutive day and challenged the support of 97.00 for the first time since March 2022, backed by mixed yields and the concerns of the operators about the independence of the Fed. The inflation measured by the PCE will be at the Center for Attention, seconded by the final data of U-Mich, personal income and personal expense. In addition, Fed Kashkari, Williams, Cook and Hammack members are scheduled to speak.
The EUR/USD maintained its bullish position and rose to new maximums of several years above the 1700 barrier. The confidence of the final consumer of the EMU and the Survey of ECB consumer inflation expectations will be published.
The GBP/USD followed its risk -linked peers and exceeded the figure of 1,3700 for the first time since October 2021. The annualized car production data will be the only publication on the other side of the channel.
The USD/JPY resumed its downward trend and tested the 143.70 area, or minimum of several days, an area that also coincides with the 55 -day interim SMA. Tokyo’s inflation rate, retail sales and the unemployment rate will close the weekly agenda in “The Land of the Nascent Sun”.
The advance of the AUD/USD to the North remained unchanged on Thursday, rising to new seven months about 0.6560. The following in the Australian calendar will be the mortgage credit data and the credit figures of the private sector on June 30.
The WTI left behind part of the weekly mass sale and recovered some traction, reviewing the level of $ 66.00 per barrel on Thursday.
The widespread tone in the risk complex weighed on gold and maintained depressed prices around the $ 3,320 area per Troy ounce. On the contrary, silver prices joined the recovery on Wednesday and approached the level of 37.00 per ounce, or maximum of five days.
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.
