Previous Day's Market Highlights
Euro-dollar regained 1.16 as the euro strengthened. Sterling-euro fell back below 1.12 to eke out a new low since November by Wednesday morning. Otherwise, movements were relatively contained. The pound failed to regain 1.30 against the US dollar as it traded at some of its lowest levels since September, and it lost further ground against the Aussie and kiwi dollars. The Canadian dollar weakened on tensions between Canada and Saudi Arabia.
|Currency Pairing||08:00 Today||Vs 08:00 Yesterday||Four-Week High||Four-Week Low||% Change|
Today's Market Highlights
The calendar remains fairly quiet today, and as a result the pound may remain vulnerable with exchange rates continuing to trade around recent levels. Fed Member Barkin will speak at a town hall event in Virginia (13:45 BST), which markets will keep an eye on for any updated monetary policy clues. The speech may have limited market impact if it provides little new information. Markets will continue to keep an eye on the latest trade headlines.
The Reserve Bank of New Zealand is widely expected to keep interest rates on hold at 1.75% when it announces its decision this evening. Interest rates have been on hold since November 2016.
Today's Economic Calendar
|1:45pm||USD||Fed Member Barkin Speaks|
|3:30pm||USD||EIA Crude Oil Inventories (30 Jul)||-1.174M||3.803M|
|10:00pm||NZD||RBNZ Interest Rate Decision||1.75%||1.75%|
|10:00pm||NZD||RBNZ Rate Statement|
|11:00pm||NZD||RBNZ Press Conference|