Boris and Kathy Forex Weekly – 06-11-2017 – Majors
November 5, 2017 9:52 pm
Between the monetary policy announcements from the Federal Reserve, the Bank of England and the release of employment reports from the U.S., Canada and New Zealand, it was a busy and exciting week in the foreign exchange market. However despite all of these big events, there was actually very little change in the major currencies. The biggest mover was EUR/USD, which fell -0.5% and NZD/USD, which rose only 0.4%. We don’t expect much from the U.S. dollar in the coming week because many of the big uncertainties hanging over the greenback have been resolved but it should still be a busy one for the Australian and New Zealand dollars with the Reserve Banks stepping up to the plate.
Between the monetary policy announcements from the Federal Reserve, the Bank of England and the release of employment reports from the U.S., Canada and New Zealand, it was a busy and exciting week in the foreign exchange market. However despite all of these big events, there was actually very little change in the major currencies. The biggest mover was EUR/USD, which fell -0.5% and NZD/USD, which rose only 0.4%. We don’t expect much from the U.S. dollar in the coming week because many of the big uncertainties hanging over the greenback have been resolved but it should still be a busy one for the Australian and New Zealand dollars with the Reserve Banks stepping up to the plate.
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