Forex - Weekly outlook: 07.23 - 07.27
The euro fell 86 points against the dollar on Monday (July 23). In the Asian session, the euro continued to rise slightly against the dollar on Friday, rising to a session high of 1.1750 before falling back.
Spot gold was hovering below the $1,230 / oz mark in early Asian trading on Tuesday (July 24) as pressure continued to build.
So far this year, the renminbi has fallen 4.13 per cent against the dollar, 4.40 per cent against the dollar at the spot and 4.55 per cent against the offshore renminbi, according to the China foreign exchange trade centre. Over the same period, the dollar index rose 2.5 percent.
On Thursday, barnier, the eu's chief brexit negotiator, rejected proposals in the UK white paper on tariffs and post-brexit trade relations, with the next round of brexit talks set to begin in mid-august. The news sent the pound plummeting, extending its one-day decline to more than 0.5 percent.
The silver meeting, although the European central bank Mario draghi expressed optimism about inflation, but still reiterated that the European central bank will maintain the current level of interest rates at least until next summer, and keep to September bond buying 15 billion euros, until the end of December for debt's statement, the euro yesterday fell below 1.1700, affected by overnight rebound in the dollar prices tumbled overnight to a line above 1.1630.
Monday, July 23
China's domestic oil products will open a new round of price adjustment window.
Tuesday, July 24
Belgium will hold a meeting of the European council on economic and financial affairs.
Broadbent, the bank's deputy governor for monetary policy, will speak to the professional economists' association.
The state council information office will hold a press conference, and xin guobin, vice minister of industry and information technology, will introduce the development of the industrial and communications industry in the first half of 2018 and answer questions from journalists.
Wednesday, July 25
South Africa will host a BRICS summit.
Canadian foreign minister Chrystia Freeland will meet with Mexican president-elect Andres Manuel Lopez Obrador to discuss NAFTA negotiations.
Thursday, July 26
The European central bank will release its interest rate resolution.
ECB President Mario Draghi will hold a news conference.
Friday, July 27
Russia's central bank will release its interest rate resolution.