The Greenback navigated quite a bearish session on Thursday, giving away a big chunk of Wednesday’s gains despite higher yields and amidst a persistently firm sentiment in the risk-associated universe.
Here is what you need to know on Friday, September 27: The US Dollar Index dropped markedly and revisited the a100.50 region in a context favourable to the risk-related galaxy. The PCE data will gather all the attention seconded by the final print of the Michigan Consumer Sentiment, Personal Income and Personal Spending. EUR/USD managed to regain some composure and faded most of Wednesday’s steep retracement, revisiting the 1.1190 zone.
The next important data release across the Channel will be the GDP figures on September 30 along with Mortgage Approvals. USD/JPY rose to three-week highs north of the 145.00 mark before giving away most of those gains towards the end of the day. Inflation figures in Tokyo are due along with weekly Foreign Bond Investment figures and the final Coincident Index and Leading Economic Index. AUD/USD rose markedly and flirted once again with the key 0.
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