Boris and Kathy Forex Weekly – 19-03-2018 – Commodity Dollars
March 18, 2018 10:26 pm
Politics had as much of an impact on the U.S. dollar this past week as economics but even with the political upheaval in Washington we did not see broad based dollar weakness. The greenback ended the week lower against the Japanese Yen and British pound, unchanged versus the Swiss Franc and euro but higher against the Canadian, Australian and New Zealand dollars. Although we saw some strength in consumer confidence and industrial production at the end of the week, retail sales and consumer prices fell short of expectations. These reports are important ahead of Wednesday’s Federal Reserve meeting but the dollar will not be the only currency in play as the Bank of England and Reserve Bank of New Zealand also meet.
Politics had as much of an impact on the U.S. dollar this past week as economics but even with the political upheaval in Washington we did not see broad based dollar weakness. The greenback ended the week lower against the Japanese Yen and British pound, unchanged versus the Swiss Franc and euro but higher against the Canadian, Australian and New Zealand dollars. Although we saw some strength in consumer confidence and industrial production at the end of the week, retail sales and consumer prices fell short of expectations. These reports are important ahead of Wednesday’s Federal Reserve meeting but the dollar will not be the only currency in play as the Bank of England and Reserve Bank of New Zealand also meet.
Related Posts: