- Analytics
- News and Tools
- Market News
- European session review: USD gains ahead of Fed's policy update
European session review: USD gains ahead of Fed's policy update
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 06:00 | United Kingdom | Nationwide house price index, y/y | July | 13.4% | 12.1% | 10.5% |
| 06:00 | United Kingdom | Nationwide house price index | July | 0.7% | 0.6% | -0.5% |
| 06:00 | Germany | Gfk Consumer Confidence Survey | August | -0.3 | 1 | -0.3 |
| 06:45 | France | Consumer confidence | July | 103 | 102 | 101 |
| 08:00 | Switzerland | Credit Suisse ZEW Survey (Expectations) | July | 51.3 | 42.8 |
USD strengthened against other major currencies in the European session on Wednesday, as investors awaited a policy update from the U.S. Federal Reserve. The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, rose 0.13% to 92.55.
The outcomes of the Fed’s July monetary policy meeting will be announced today at 18:00 GMT, and the Fed's Chairman Jerome Powell will follow with a press conference a half-hour later.
Market participants hope to get hints on the Fed’s outlook for stimulus, given that inflation has been growing steeply in recent months. However, most do not expect that the Fed policymakers will make any changes to the central bank’s accommodative policy stance, given the reassurances from them that the recent rise in prices will be temporary and concerns that rising Delta-variant infections could derail the economic recovery. It is of great interest to investors to know the views of the Fed’s officials on the timing of slowing their $120 billion-a-month in bond purchases.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
