Market insights

Dollar Taking A Hit

With plenty of US related geopolitical news, traders are potentially showing their disquiet as other currencies go up versus the Dollar.

From Thursday last week it's been a tough run for the currency.

Generally speaking global news stories rarely affect currency rates unless they are specifically around a certain countries denomination.

Scheduled news stories and economic sentiment usually have more weight in exchange rate fluctuations.

With that in mind here's a view of what the rest of the week looks like....and it's a strong week.

Australian inflation is first out of the traps with annualised growth of 3.6% expected.

However it's after that that the bigger stories start, and it's all about interest rate decisions.

The Bank of Canada is expected to keep its base rate at 2.25% on Wednesday.

Later in the evening sees the US rate decision  with the FED expected to keep their rate at 3.75%.

The FED press conference could be the big Dollar mover.

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Economic calendar

AUS: Wednesday 12:30am Inflation Report

CAN: Wednesday 14:45pm  BoC Interest Rate Decision

US: Wednesday 19:00 FED Interest Rate Decision

US: Wednesday 19:00 FOMC Press Conference

As ever we look forward to keeping you in the loop and look out for our next update.

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