Market news
28.07.2021, 12:22

European session review: USD gains ahead of Fed's policy update

TimeCountryEventPeriodPrevious valueForecastActual
06:00United KingdomNationwide house price index, y/yJuly13.4%12.1%10.5%
06:00United KingdomNationwide house price index July0.7%0.6%-0.5%
06:00GermanyGfk Consumer Confidence SurveyAugust-0.31-0.3
06:45FranceConsumer confidence July103102101
08:00SwitzerlandCredit Suisse ZEW Survey (Expectations)July51.3 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.

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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 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

Live Chat E-mail
Choose your language / location