Loading ...“The dollar’s next moves could be determined by the U.S. Federal Reserve’s meeting later on Wednesday where the central bank should reiterate its on-hold stance. But speculation has risen that the Fed could provide an additional boost as a result of the virus outbreak, with money markets predicting one 25 basis-point rate cut this year and a small chance of a second.”
US Event Calendar
- 7am: MBA Mortgage Applications, prior -1.2%
- 8:30am: Advance Goods Trade Balance, est. $65.0b deficit, prior $63.2b deficit
- 8:30am: Wholesale Inventories MoM, est. 0.05%, prior -0.1%; Retail Inventories MoM, est. 0.1%, prior -0.7%, revised -0.8%
- 10am: Pending Home Sales MoM, est. 0.5%, prior 1.2%; Pending Home Sales NSA YoY, est. 10.3%, prior 5.6%
- 2pm: FOMC Rate Decision