The US dollar (USD) rallied sharply on Thursday, climbing to a three-week high as investors assessed stronger US data releases while Fed officials offered mixed comments regarding the Fed’s interest rate path.
EUR/USD weakened to a three-week low, retreating to the 1.1650 region once again and adding to Wednesday’s losses. The ECB will release its Consumer Inflation Expectations, while ECB Chairwoman Lagarde is also scheduled to speak.
GBP/USD plunged to a seven-week low, revisiting the 1.3320 zone in response to the greenback’s sharp surge. The Bank of England’s Consumer Credit, Mortgage Approvals, and M4 Money Supply figures are next on the agenda across the Channel on September 29.
USD/JPY extended Wednesday’s gains and rose to an eight-week high near the key 150.00 hurdle. The Tokyo Inflation Rate release will command all the attention on the Japanese calendar, followed by the weekly Foreign Bond Investment reading and a speech by BoJ’s Noguchi.
AUD/USD retreated for the third consecutive day, this time retesting the 0.6540 zone, a multi-week low. Building Permits, Housing Loans, and Private Home Approvals are next in Oz on September 30.
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