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Analysts warn that the Federal Reserve's upcoming policy comments could have a significant impact on dollar-related currency pairs. Key events next week include the FOMC statement and the release of US CPI data.
东方顾问Summary：Most major forex pairs posted modest gains this week as markets remained cautious as they awaited signals from the Federal Reserve.
This week, EUR/USD and GBP/USD recorded significant gains as the dollar weakened overall, becoming the best performing currency pairs. German industrial output data exceeded expectations, pushing the euro up 0.52%, while UK GDP data showed a slight increase, helping the pound rise 0.38%. In contrast, USD/JPY fell 0.41% as risk aversion in the market increased and investors turned to the yen ahead of the Federal Reserve's policy meeting.
Markets are weighing mixed signals from the global economy. U.S. inflation remains stubborn, fueling expectations that the Federal Reserve may still have room to raise interest rates. Meanwhile, commodity-linked currencies such as the Australian and Canadian dollars are lackluster, reflecting cautious demand for raw materials.
Analysts warn that the Federal Reserve's upcoming policy comments could have a significant impact on dollar-related currency pairs. Key events next week include the FOMC statement and the release of US CPI data.
📌 Summary:
Overall, the foreign exchange market is moving forward cautiously, and traders are keeping a wait-and-see attitude while waiting for the central bank's policy to be clarified. With the release of important US economic data, market volatility may increase significantly.
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