Registrato: 26 Mag 20
Stato Connessione: Sconnesso
A Tendency for Strong USD and Volatile Markets
|Postato: 18 Set 20 alle 06:01 | IP Salvato
Recently, markets seem to calm down as the U.S. stocks
settled higher above early low and the VIX largely shrank
5 percentage points. In terms of major currency pairs,
GBP/USD dropped to 1.3220, NZD/USD was hampered to around
0.6700, USD/CAD recovered to 1.3080, while AUD/USD and
EUR/USD kept consolidating near Friday's close.To get
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Against the backdrop, major Asia-Pacific stock
indexes were somewhat of a mixed bag with the Hang Seng
Index seeing a mild gain of 0.05%, the KOSPI 200 Index
swelling 0.53%, the Nikkei index losing 0.33%, the TAIEX
edging down 0.02% and the ASX200 slightly decreasing
0.01%. The U.S. dollar rose in the wake of last week's
strong non-farm payrolls, but eventually closed after
giving up most of the advances. Monday's overall markets
indicate a higher dollar in the short term.
Over the weekend, it was reported that the UK
parliament has just come back from a break and was
considering a series of new laws, which could derail
trade talks with the EU. In addition, news received in
September about the U.S. presidential election and the
FED's rate decision meeting will affect the market which
has been rising for half a year.
This week's outlook suggests that September's rate
decisions of the European Central Bank and the Bank of
Canada will put the market at risk. Moreover, as the U.S.
CPI and PPI for August are about to be released this
week, investors should keep eye on the future trend of
the recent recovery in the country's inflation.
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