 Dollar's selloff extended last week, after rather uneventful Fed meeting. The decline was particularly serious against generally strong European majors. Sterling ended as the strongest one this time, followed by Euro and Swiss Franc. While the greenback was weak, New Zealand and Canadian Dollar were even worse, with the latter weighed down by pull back in oil price. Gold and Silver lost some momentum after recent powerful run. The upcoming week is also guaranteed to be interesting with a super busy calendar. Central bank activities include RBA and BoE rate decisions. Economic data include US ISMs and non-farm payroll, Canadian employment, Japan GDP, New Zealand employment and China PMIs. These event could further shape the interactions between Yen, Dollar, Gold, Aussie and stocks as discussed below. |
What drives the global financial markets to shift gears? Is it geopolitical uncertainty , central bank decisions , or the relentless march o...
