Greenback was higher as markets dug up the Federal Reserve's decision to leave interest rates unchanged, while market attention remained in front of the trade following the news of a US-UK trade agreement.
Here's what you need to know on Friday, May 9:
The US Dollar (USD) expanded its rebound on Thursday, with the dollar index (DXY) that moved forward with the psychological 100.00 mark, or four weeks high. The next major release of data in the US is the inflation rate on May 13.
The EUR/USD retreated to four-week lows, re-reviewing the 1.1220-1.1210 band in the middle of a generally reversed greenback bias. Entrepreneurs are now viewing the release of May 13 of the Zew Economic Sentiment Survey for Germany and Euroland.
GBP/USD has tried fresh two weeks lows around 1.3240 with increasing USD strength and despite optimization following a reduction in the BOE rate and the US-UK trade deal. Governor Andrew Bailey should speak on Friday.
USD/JPY added to recent uprising and approach monthly high below the level of 146.00. Japan's upcoming data includes household expenditure, average cash income, and early read to the coincides and leading economic indexes.
AUD/USD added to the fall of Wednesday and fell on our days near the 0.6400 neighborhood. Market focuses are moving to Australian consumer and business confidence numbers since Westpac and NAB 13, respectively.
WTI prices rose significantly, approaching the $ 60.00 mark per barrel again on Thursday as entrepreneurs remained optimistic about the upcoming US-China trade conversations.
Gold prices remained on the back of the foot for the second day in a row, this time returning to three-day troughs near $ 3,300 Mark per Troy ounce as investors closely comply with positive development in front of the trade. In contrast, silver prices are slightly reversed the previous day's pulling and advanced to a moderate to $ 32.50 zone per ounce.
