Forex market news digest
Today Germany publishes its ZEW index for September. Analysts expect the rate to increase, which will confirm the stabilization process of restoring the largest Eurozone economy. The United States publishes the Consumer Price Index today. Strengthening of inflationary pressures is not expected in the U.S. economy. On the contrary, according to forecasts, annual CPI may drop to 1.6 percent against 2.0 percent in the previous period. However, this is unlikely to have a significant impact on the dynamics of currencies.
Today begins a two-day meeting of the Fed. Markets are already exhausted with waiting and in the next two days, until the announcement of the decision, it is unlikely that anything will distract them from this event. In the morning Asian trading session, the U.S. currency showed restrained dynamics. There were no movements in tandem with the euro, the USD/JPY rose slightly within a narrow range.
Summers' decision to withdraw his candidacy to become the next Fed chairman increased the suspicions of investors that the Central Bank will not rush to reduce stimulus programmes.
According to forex.lv