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Hello everyone, today XM Foreign Exchange will bring you "【XM Foreign Exchange Official Website】: Collection of positive and negative news that affects the foreign exchange market". Hope it will be helpful to you! The original content is as follows:
Bold news: The US PPI in August was -0.1% month-on-month, turning negative for the first time in four months, with a year-on-year growth rate of 2.6% lower than expected. After the data was released, traders stepped up their bets on the Fed's interest rate cut, and the dollar index turned to a decline near a more than two-month low. In addition, the judge prevented Trump from removing Fed Director Cook, which allowed Cook to participate in the Federal Reserve's vote next week. This incident also brought certain uncertainty and pressure to the US dollar.
Favorite news: From the perspective of exchange rate performance, the US dollar has risen against the Canadian dollar, Hong Kong dollar, Omani Rial and other currencies, which shows to a certain extent the strength of the US dollar in some currency pairs.
Favorite news: Judging from the currency exchange rate status, the euro is on the rise against Indian rupee, Kuwaiti dinar, Macau patacas and other currencies, which shows that the euro performs strongly in the exchange with these currencies. In addition, the ECB will announce its interest rate decision at 20:15 tonight, which may further boost the euro if the ECB maintains its existing interest rates or gives more hawkish remarks.
Bold news: There is currently no major negative news directly targeting the euro, but the slow global economic recovery environment may have a certain suppression effect on the euro zone economy and the euro exchange rate.
Bold news: The pound exchange rate against the US dollar is on a downward trend, which may be related to changes in US economic data and market expectations for the Fed's policy. The strengthening of the US dollar has caused the pound to depreciate relatively. In addition, some uncertainties faced by the UK's domestic economy, such as inflation levels and subsequent impacts of Brexit, may also have adverse effects on the pound.
Good news: The yen has risen against the offshore RMB exchange rate, which may be due to changes in market risk preferences, and investors seeking safe-haven assets, which has led to an increase in demand for the yen. In addition, the Bank of Japan's monetary policy is relatively stable, which also provides certain support for the stability of the yen.
Bold news: The exchange rate of the yen is falling against some other currencies such as Norwegian krone and Dominican peso, which may be related to changes in economic data or policy in these countries, making the yen at a disadvantage in the exchange with these currencies.
Bold news: From the perspective of exchange rate status, the exchange rate of Hungarian Forint against the Australian dollar has risen, which to a certain extent reflects the weakness of the Australian dollar. In addition, uncertainty in the global trade situation and fluctuations in qgrse.cnmodity prices may have an adverse impact on the Australian dollar, which is closely linked to qgrse.cnmodity prices.
Tonight, the Turkish Central Bank will announce the interest rate resolution at 19:00, and 20:45 European Central Bank President Lagarde will hold a monetary policy press conference. These events may have a significant impact on the relevant currencies and foreign exchange markets.
The US 10-year Treasury bond auction on September 10 was US$39 billion, lower than the previous value of US$42 billion, and the winning rate was 4.03%, lower than the previous value of 4.25%, which may have a certain impact on the US dollar and the global financial markets.
The above content is all about "【XM Forex Official Website】: Collection of Positive and Negative News that Influence the Foreign Exchange Market". It was carefully qgrse.cnpiled and edited by the XM Forex editor. I hope it will be helpful to your trading! Thanks for the support!
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