Yesterday, we suggest that the G7 finance ministers meeting in Canada could produce holders that support USD, particularly if there were signs of relaxation in commercial tensions. Until now, the summit has been calm, but with the meetings concluding today, we could still see headlines that move the market, says the FX analyst of ING, Francesco Pesole.
Markets can favor the sale in the strength of the DXY above 100.0
“On the other hand, market attention has been largely displaced towards developments around the US Fiscal Law Project. Chamber leaders are pressing by a vote before the recess of the day of the fallen and have introduced a revised version that raises the threshold for fiscal deductions, an expansive measure aimed at winning the moderate republicans, as well as faster cuts in medical Most conservative party members. In the market. “
“Futures of US shares and treasure bonds are stabilized this morning, but the risks of another difficult session for US markets remain tangible. Any relief of concerns related to the deficit could be reinforced by positive holders about trade that arise from G7 finance meetings How fast the dollar can fall in the midst of renewed trust problems around US assets, and downward risks for the dollar remain high.
“The first signs of a somewhat more stable market after the last developments of the US Fiscal Law Suggest that we could see the dollar find some tentative support or even bounce today. Even so, markets could favor the sale in the strength of the DXY above the level of 100.0.”
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.
