What will move the US dollar in the week ahead? We are awash in major fundamental catalysts – the type that can generate meaningful trends and not just short-lived bouts of volatility.
The European Central Bank is losing credibility as it flip-flops a week after its rate decision: will or will not the Euro's elevated exchange rate prompt action? Not yet, not when the EURUSD is only trading near $1.4000.
The Japanese Yen rallied sharply versus the US Dollar and other major counterparts as the highly-correlated Nikkei 225 posted its worst weekly performance in 9 months.
Gold rallied for a sixth consecutive week with the precious metal advancing 2.8% to trade at $1378 ahead of the New York close on Friday.
The Australian Dollar is likely to be preoccupied with macro-level forces in the week ahead as the FOMC policy meeting and geopolitical factors take the spotlight.
- Australia International News
- European Central Bank