Highlights:
- US Dollars is slightly firmer throughout the weekend
- Fed Reserve Meet this wed: further $10billion taper asset purchase is expected.
- Eurozone: unemployment rate is likely to remain @ 6.1%
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DAILY CURRENCY UPDATE (28/7) – US DOLLARS IS SLIGHTLY FIRMER THROUGHOUT THE WEEKEND
Published by Uma Rajagopal
Posted on July 29, 2014
1 min readKey Takeaways
- US dollar strengthened modestly over the weekend amid risk-off positioning.
- Markets anticipate the Federal Reserve will taper asset purchases by around $10 billion midweek.
- Eurozone unemployment is expected to hold near 6.1%, suggesting labor market stability.
References
Frequently Asked Questions
Why is the US dollar firmer over the weekend?
Safe‑haven demand supported the US dollar ahead of the Federal Reserve meeting and amid risk‑off sentiment.
What tapering is expected from the Federal Reserve this Wednesday?
Markets anticipate the Fed will announce a roughly $10 billion taper in asset purchases at its upcoming meeting.
What is the expected Eurozone unemployment rate?
The unemployment rate in the Eurozone is expected to remain around 6.1%, indicating continued labor market resilience.
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