What you need to take care of on Friday, August 16: The US Dollar seesawed between gains and losses, ending the day mixed across the FX board after United States (US) data brought relief.
What you need to take care of on Friday, August 16: The US Dollar seesawed between gains and losses, ending the day mixed across the FX board after United States data brought relief. Speculative interest dropped concerns about a potential recession in the world’s largest economy following the release of healthy employment-related figures and upbeat Retail Sales. Other figures were not that encouraging but fell short of reviving concerns or affecting the odds for a September interest rate cut.
Reserve Bank of Australia Michele Bullock is due to testify before Congress alongside other policymakers, while Reserve Bank of New Zealand Adrian Orr is due to speak about monetary policy at an event hosted by the Wellington Chamber of Commerce. Later in the day, the United Kingdom will release July Retail Sales, while the United States will publish the preliminary estimate of the August Michigan Consumer Sentiment Index and the Michigan Consumer Inflation Expectations for the same month.
XAUUSD Sentiment Recession Growth
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