A recent fall of the U.S. dollar stabilized last week and the value of the world's reserve currency consolidated in the lows of the past few years. Investors in both the currency and stock markets were positive, but somewhat more cautious, which led to a slowdow
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Last week, a sharp downward trend in the U.S. dollar was in the spotlight, which depreciated to the lows of the past several years. As stock markets remain at highs, investors maintain high demand for risky assets.
U.S. economic data was positive:
After last week's shocking US employment report which showed only 245,000 jobs were added to the economy against an expected 440,000, all eyes now turn to this week's European Central Bank Monetary Policy Statement and Press Conference on Thursday.
The bank
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Economic data ramps up this week with the Reserve Bank of Australia Rate Statement and US Manufacturing PMI data on Tuesday, Australian GDP on Wednesday and US and Canada Employment figures on Friday. Of course, all eyes will also be on the progression of Brexit talks
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In the foreign exchange markets last week, the U.S. dollar continued to lose ground and depreciated to its lowest level since September, 2020, and May, 2018,. With optimism and a relatively high appetite for risk prevailing in the financial markets, investors ar
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