The Greenback staged a robust comeback after flirting with 14-month lows, prompting quite a meaningful knee-jerk in the risk complex ahead of key data releases and the speech by Chair Powell.
Here is what you need to know on Thursday, September 26: The US Dollar Index rose markedly after bottoming out in new 2024 lows around 100.20. The final Q2 GDP Growth Rate figures are due, seconded by the usual weekly Initial Jobless Claims, Durable Goods Orders, and Pending Home Sales. In addition, the Fed ’s Kugler, Barr, Kashkari, Collins, Williams, and Chief Powell are all due to speak. EUR/USD failed to advance further north of the 1.
Car Production will be the only release on the UK calendar. The strong recovery in the US Dollar and US yields across the board motivated USD/JPY to leave behind two daily pullbacks in a row and retest the upper-144.00s. The BoJ will publish its Minutes, while weekly Foreign Bond Investment data are also expected. Following a brief trespass of the 0.6900 barrier, AUD/USD embarked on a deep decline following the strong bounce in the Greenback. The RBA will release its Financial Stability Review .
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