The number of Americans asking for new unemployment benefits unexpectedly jumped last week.
Economy
Information is not investment advice
The Fed pledged to keep near-zero rates at least through 2023. The dovish message pressed down the US dollar. As a result, EUR/USD and GBP/USD surged.
The market optimism waned ahead of the Fed meeting: stock indices dropped, gold and the USD rose.
BOJ shares its interest rate and monetary policy on March 19.
Bank of England announces the rate and the monetary policy report on March 18, at 14:00 MT time.
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“Help is here,” Biden tweeted as the House passed the much-awaited $1.9 trillion COVID-19 relief bill.
Canada will publish employment change and an unemployment rate on Friday, at 15:30 MT time.
The US is set to deliver $1.9 trillion stimulus. Nasdaq retreated after Monday’s deep slump. Oil dropped because of an attack on the crude terminal in Saudi Arabia.
The Bank of Canada will publish a rate statement and update on the interest rate on Wednesday, at 17:00 MT time.
The USD skyrocketed after Fed Powell’s speech. OPEC and allied producers agreed to extend production cuts for another month. Oil surged.
The European Central Bank publishes its monetary policy statement that includes an announcement of the interest rate on March 11, at 14:45 MT time.