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[QUOTE="limyeeshin, post: 90273, member: 35099"] The U.S. dollar shortened its losses after the Federal Reserve Chair Janet Yellen implied that interest rates may still rise later this year and the central bank remains on track to hike rate. The hawkish statements reassured investors that the monetary policy has not significantly altered for the rate hike decisions after the delay. Also, the U.S. second quarter GDP was revised higher in later data, kept the dollar bullish. The dollar rose 0.27% and 0.33% against the euro. The euro went bullish after ECB’s targeted longer-term refinancing operations had lowered bid at €15.5billion euro which is far below the previous €73.8billion and €50.3billion expected. It may imply that the economy is improving as banks are not really active to the debt program (TLTROs) thus pushed the euro higher. However, after the Fed Chair Yellen’s statements the euro went lower to its U.S. counterparts. EUR/USD traded at 1.1194 in late trade, falling 0.33% for the day. Investors will be attentive to Eurozone inflation report on Wednesday that could impact ECB’s decision for monetary stimulus program. Japanese yen was slightly weak in early Asia on Monday ahead of central banks remarks in Japan and the U.S. Bank of Japan Governor Haruhiko Kuroda is to speak at a business leaders event in Osaka today. USD/JPY pair rose 0.07%, traded at 120.58. Emerging and commodity currencies rose generally however some fell due to the rate cuts. The Rand, NZD, AUD, the ruble generally went higher but Australian dollar fell to its U.S. counterpart traded at 0.7014, down 0.17% on Monday. The British pound was also low, with GBP/USD falling 0.4% to 1.5178 in late trade. Brazilian real fell steep after Brazil central bank governor stated that he will use all possible policies to reduce the foreign exchange market fluctuation, fell 4.93%. Norway Crone also fell after the rate cut. [B]Weekly Events and Forecasts[/B] Ahead of the coming week, Solforex has compiled a list of these and other significant events likely to affect the markets. [B][U]Monday, September 28[/U][/B] Bank of Japan Governor Kuroda is to give a speech in Osaka. The U.S. is to release data on personal income and spendings. Also, New York Fed president William Dudley is to speak followed by Chicago Fed president Charles Evans, at separate events. The pending home sales report is to be published in the U.S. [B][U]Tuesday, September 29[/U][/B] Japan is to release data on home spending. Germany is to release consumer price inflation. The U.K. is to release report on net private lending. Canada is to release data on raw material price index. The U.S. is to report on the trade balance and consumer sentiments. The S&P’s Case-Shiller Home price indices is to be released in the U.S. [B][U]Wednesday, September 30[/U][/B] Japan is to release data on retail sales. New Zealand is to report on business confidence. Australia is to release figures on building approvals. In the Eurozone, consumer price inflation is to be released and investors will be attentive to this as to forecast the ECB’s further decision on monetary stimulus program. Germany is to release data on movements in employment. In the U.S., Chicago state producer manufacturing inflation is to be released followed by ADP employment reports. Fed Chair Yellen is to speak at an event later the day. [B][U]Thursday, October 1[/U][/B] Japan is to publish Tanken index reading. China market is closed due to its national holiday but there will be released reports on manufacturing and service sector activity from China. Data from China are Federation of Logistics and Purchasing and the Caixin services index as well as the Caixin manufacturing revised data. The U.K is to release manufacturing index. In the U.S., initial jobless claims and manufacturing activity report is to be released from the ISM. [B][U]Friday, October 2[/U][/B] China market is remained closed due to its national holiday. Australia is to release data on retail sales. The U.K is to publish data on construction index. In the U.S, the weekly nonfarm payrolls and data on factory orders will be released. [/QUOTE]
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