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Market Alert: Dollar Steady/Fed Leader Speculation

By Eleanor Bridger  |  24/10/2017 17:41
The dollar was higher against the yen, rising 0.22% to 113.68. Now re-approaching Monday’s more than three month highs of 114.09.
The euro was steady, with EUR/USD last at 1.1756.

Meanwhile, Sterling fell slightly, with GBP/USD at 1.3186 after the Bank of England Deputy Governor Sir Jon Cunliffe warned that the UK’s suffering economy meant there’s an “open question” about whether the bank will raise borrowing costs in November.

You can also check out our weekly economic calendar here for upcoming major events.

If you are ready to trade, just click here to login to the MetaTrader4 Webtrader or alternatively use your MT4 desktop or mobile version. 

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Author's Other Opinion & Analysis

  • Update: ECB Extends Tapering Program
    By Eleanor Bridger  |  26/10/2017 14:57

    Market update on the ECB announcing to extend its tapering program.

  • Forecasts of Oil-Stock Drop: Data Released Tonight
    By Eleanor Bridger  |  24/10/2017 17:48

    At 21:30 this evening, official data from the American Petroleum Institute (API) will be released amid forecasts of an oil-stock drop. Which should reach around 2.5 million barrels and mark the fifth consecutive weekly decline.

  • ECB May begin normalising Policy
    By Eleanor Bridger  |  24/10/2017 17:44

    The ECB is expected to announce whether it plans to continue its quantitative easing program or slowly unwind it on Thursday

  • How are US stocks performing in Q3?
    By Eleanor Bridger  |  17/10/2017 15:35

    Investors are focused on the US earnings season, it’s growth is being driven by tech,energy and financial giants - accounting for more than 70% growth between them.

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