Trading news

U.S. dollar weaker after Trump's speech

Weekly synopsis

The U.S. dollar weakened, last Friday, against its main counterparts, while the traders and the investors reacted to Trump's speech after he was officially sworn as the U.S. president.

U.S. dollar index lower to 100.77

The U.S. dollar index traded to 100.77, declining 0.33%. The index appreciated, since Trump's election back in November, approximately 3.5%, and decelerated this month 1.49%.

The USD/JPY traded to 114.63, dropping 0.2%, and the EUR/USD traded at 1.0702, appreciating 0.36%. The GBP/USD approached the 1.2374 zone, rising 0.23%, and the USD/MXN reached the 21.59 level, falling 1.66%.

Weekly major events

On Monday, Mario Draghi will be giving a speech in Italy, and Canada is to publish its wholesale sales figures.

On Tuesday, the U.S. is to release its existing home sales data, the euro zone its private sector activity, and the U.K its public sector borrowing.

On Wednesday, Germany will be reporting on its business climate, and Australia its inflation data.

On Thursday, the U.S. is to publish its new home sales and initial jobless claims, the U.K its growth for the fourth quarter, and New Zealand its monthly inflation reporting figures.

On Friday, the U.S. will be releasing its consumer sentiment, durable goods orders, and economic growth for Q4. The Shanghai stock exchange will be non-operational this day.

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ArgusFX Review

Monday, 23 Jan, 2017 / 9:10

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Source : https://www.argusfx.com/en/research-education/market-analysis/weekly/u.s.-dollar-weaker-after-trump-s-speech

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