Despite Jerome's Powell hawkish speech, the greenback fell on Tuesday as investors returned to investment in risk assets…
Trading plan for May 31
Information is not investment advice
The risk aversion drives the market crazy.
The US President Donald Trump announced fresh 5% tariffs on Mexican goods unless the country stops its immigrants. It pushed the safe-haven currencies and weakened the MXN.
As for the economic calendar, it is highlighted by the release of Canadian GDP growth at 15:30 MT time.
Check the levels of USD/NXN, CAD/JPY, and gold.
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On December the 3rd Canada reported a 6% unemployment rate, while the expectations were at a 6.6% level. Less than expected unemployment rate is always hawkish news for the national currency.
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