US Dollar showed a gloomy movement in the New York session yesterday when he lost his previous strengthening momentum as the market saw a reduction in the US 10-year treasury as well as a positive stock movement on Wall Street.
In the absence of economic data today (Wednesday), investors will pay attention to the speech of Federal Reserve (Fed) Chairman Jerome Powell at an event at Washington DC.
The latest indications for the monetary policy are still being shared by investors following the FOMC meeting last week, Powell did not signal the interest rate increase in December.
In addition, sentiment changed when the market examined the US NFP job report published last Friday.
According to Fed officials, further monetary policy decisions will be determined based on the latest economic data.
The euro currency traded gloomy in the European session yesterday following the issue of German industrial production data that declined for September.
Pound Sterling has remained gloomy since the opening of the week's trading with Governor Andrew Bailey's speech in Dublin will also be focused on European sessions shortly.
The Australian dollar showed a disappointing performance yesterday although the Reserve Bank of Australia (RBA) raised the interest rate of 25 basic points at the latest policy meeting, the following statement was seen as Dovish.
The Canadian dollar was also in a gloomy currency group in the wake of significant depreciation due to the affected factors of global crude oil prices.
WTI crude oil prices were low to $ 76.40 per barrel while Brent oil dropped around $ 81.20 a barrel as the Asian session this morning.
Gold trading has also shown bad performance since the beginning of the week after the price dropped from a height of $ 2,000 and until yesterday, gold prices reached around $ 1,957.
