OANDA Senior Market Analyst Alfonso Esparza reviews the major upcoming market news, macro analysis and economic indicator releases that will impact currencies, stocks other asset classes.
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The dollar bounced back on Friday, after a couple of economic indicator misses last week, the greenback ended higher against all major pairs but was back under pressure on Monday.
A slowdown in the pace of inflation, miss in retail sales expectations and a softer tone on trade from the Trump administration are the three major factors for the softness of the currency.
Interest Rate differentials are a positive factor for the the US Dollar but haven’t done enough to counter the trade war fatigue setting in.
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