Today’s focus turns to the Bank of England (BoE) meeting, which includes policy announcement, minutes, the Inflation Report and a press conference. Sterling is so far the second strongest major currency for the week, next to Dollar, having traded as high as 1.2987.
Overnight, the dollar traded roughly flat against a basket of major currencies on Wednesday, as investors reacted negatively to President Trump’s decision to fire FBI Director James Comey. The U.S. dollar index, rose 0.01% to 99.51.
EURUSD traded lower to 1.0860 and we are now back to levels following the first round of the French presidential election.
New Zealand Dollar tumbled sharply today to 0.6817 after RBNZ left interest rates unchanged at 1.75% but issued a dovish statement.
Brent oil is back above USD50/bbl and the market will focus on the release of OPEC’s monthly oil market report
At the close in NYSE, the Dow Jones Industrial Average declined 0.16%, while the S&P 500 index added 0.11%, and the NASDAQ Composite index climbed 0.14%.