Last week’s high: $1.4321
Yesterday’s low: $1.3845
USD Drops as Markets Fear Trade War
The focus of last week was on Davos, where the World Economic Forum (WEF) was holding its annual gathering. Donald Trump was the first US President to attend and address the delegates in 20 years, but his speech – and earlier briefings from his treasury and commerce secretaries – only served to increase market fears of a trade war as the US implements greater protectionist policies.
USD Outlook: Volatility Likely as FOMC Rate Decision Approaches
There is little chance that the US Federal Open Market Committee (FOMC) will opt to hike interest rates in this meeting, but bets are already strong that we will see borrowing costs raised in March. If the FOMC gives any indication that this is likely USD may finally be able to break its losing streak.
13:30 USD PCE Core (YoY) (DEC)
15:00 USD Consumer Confidence Index (JAN)
19:00 USD FOMC Rate Decision (Upper Bound)
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