Here is what you need to know on Tuesday, July 9: The US Dollar stays resilient against its major rivals early Tuesday, with the US Dollar Index moving sideways near 105.00 after posting small gains on Monday.
The US economic calendar will feature NFIB Business Optimism Index for June and RealClearMarkets/TIPP Economic Optimism for July. More importantly, Federal Reserve Chairman Jerome Powell will present the Semi-Anual Monetary Policy Report and testify before the Senate Banking Committee. US Dollar PRICE Last 7 days The table below shows the percentage change of US Dollar against listed major currencies last 7 days. US Dollar was the weakest against the Australian Dollar.
USD/JPY continues to move up and down in a narrow channel at around 161.00 after ending the first trading day of the week virtually unchanged.Following the conclusion of the first day of meeting with market participants, the Bank of Japan said that it “received various views from participants in the survey including idea to reduce monthly buying to around ¥2-3 trillion, or to keep buying around V4 trillion.
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