US dollar’s haven demand in vogue ahead of a busy day

 Here is what you need to know on Wednesday, September 23:

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The US dollar continued to attract safe haven demand amid US-China tensions renewed and declining global economic recovery, as the resurgence of Europe and coronavirus rocked the UK. A tone of optimism hit by Fed policy makers and solid housing data in the United States offered additional legs to the rally greenback.

Fed Chairman Jerome Powell said the economy is holding strong throughout the crisis while the president of the Chicago Fed Charles Evans noted that the central bank may raise interest rates until the inflation target using 2% is reached.

The US-China tensions resurfaced once again after US President Donald Trump accused China again before the General Assembly of the United Nations, holding it responsible for having “loose” Covid-19 on the world .

Asian stocks were a mixed bag, well supported by the rebound on Wall Street overnight. Futures on US stock traded with slight gains, while the dollar remained strong in all areas.

AUD / USD was weaker across FX, with the permission of the Reserve Bank of Australia (RBA) called lower rates and the Australian sagging retail sales. Briefly NZD / USD rebounded from 0.6599 low monthly on the Reserve Bank of New Zealand’s status (RBNZ) quo on interest and asset purchases rate. The RBNZ, however, marked the outlook negative rates, which clipped the kiwi rebound. USD / JPY has kept intact the tone of the offer while maintaining steady just above the 105 level.

EUR / USD fell to a fresh low of 1.1675 two months, as the common currency remained undermined by growing concerns rising, face restrictions and interlocks localized in many economies of the euro area middle soaring cases of the virus. All eyes remain on the euro zone preliminary manufacturing and services PMIs.

GBP / USD has held below 1.2700 ground after the UK Prime Minister (PM) Boris Johnson unveiled new restrictions while the Bank of England (BOE) Governor Andrew Bailey excluded negative interest rate short term. Brexit drama is back in the spotlight, as the head of the EU Barnier in London for informal trade negotiations. Sky News reported that the talks will Brexit “somewhat” better than expected.

Gold extended losses below $ 1900 before Powell’s testimony on the second day the impact of the virus. WTI traded in red below $ 40 after a surprise increase in API United States in crude inventories.

Cryptocurrencies subdued tradables, with Bitcoin up around the $ 10,500 level.

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