Trading news

U.S. dollar lower but close to 14-years high

Weekly Analysis

The U.S. dollar traded weaker versus its counterparts while remaining close to its 14-years high, amid the expectations that the FED will be more aggressive in the upcoming year and that the first interest rate rise in the U.S. will resume supporting the nation's currency.

U.S. dollar index to 102.92

The U.S. dollar index traded to 102.92, dropping 0.1% by Friday, still being close to Thursday's highest zone the 103.55 area. The index climbed 1.3% for the week.

Weekly major events

On Monday, Germany will be publishing its business climate data and New Zealand its business confidence for the private sector.

On Tuesday, Canada is to release its wholesales data, the BOJ its rate statement and benchmark interest rates, and the RBA will be releasing its latest monetary policy meeting data.

On Wednesday, the U.S. will be announcing its existing home sales data, the U.K its sector borrowing data, and New Zealand is to release its trade balance data.

On Thursday, Canada is to publish its inflation and retail sales data, the U.S. its economic growth for Q3, its durable goods orders, initial jobless claims and personal spending. New Zealand will release its current account figures and growth for Q3.

On Friday, the U.S. will be rounding up its consumer sentiment and new home sales, Canada is to publish its economic growth data, and the U.S. its current account and third-quarter revised data.

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Monday, 19 Dec, 2016 / 9:02

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Source : https://www.argusfx.com/en/research-education/market-analysis/weekly/u.s.-dollar-lower-but-close-to-14-years-high

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