mask Dollar recovers after Tuesday's drop on impeachment inquiry while Euro & Pound slips

26/ 09/ 2019

Dollar recovers after Tuesday's drop on impeachment inquiry while Euro & Pound slips

Daily Update – 26th September 2019

Yesterday’s markets

  • NZD Interest Rate Decision
  • US New Home Sales

Yesterday’s explained

New Zealand released their Interest Rate Decisions which remain unchanged with no further boost.

Later on the day US released their New Home Sales which showed more growth than expected and it boosted the Dollar across the board.

 

Today’s markets

  • US Initial Jobless Claims & GDP Annualized
  • ECB Mario Draghi’s Speech

Today’s explained

To kick off the current US Dollar strength we will have reports released such as Initial Jobless Claims which will give us an indication on their current Job Sector growth and followed by GDP Annualized which is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing.

Finally to conclude the week ECB President Mario Draghi speech will be the deciding factor for the common currency Euro to get past its losses this week.