Trade War Developments Boost the Dollar Against its Rivals

Daily Update - 29th May 2019

Yesterday’s Focus

• Euro Business Climate

Yesterday’s Explained

Markets seemed to react heavily towards the Geo-political developments and China’s statements against Trump Administration and US Policies while the Dollar grew stronger against the rivals on pure domination of Trade War.

 

Today’s Market

• Bank of Japan Kuroda’s Speech
• Germany Unemployment Rate

Today’s Focus

The Unemployment Rate released by the Bundesagentur für Arbeit and published by the German Statistics Office shows, in a percent basis, the amount of unemployed people in Germany, using seasonally adjusted data. BoC Interest Rate Decision is announced by the Bank of Canada. If the BoC is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the CAD.