By mid-November, the US dollar has risen by approximately 6% against its major peers. However, considerable overbought conditions may lead to the asset’s consolidation sooner or later, primarily due to profit-taking.
Not so long ago, Trump’s statements boosted the dollar. This week, comments from leading financial policymakers in Japan, the US, and Europe have served as a counterweight. This trend will continue on November 21–22 and could spark further volatility in the currency market.
A detailed schedule of speeches provided by policymakers will be provided at the end of this release. For now, let us find out what macroeconomic data is slated for release during these two days and how it may affect the market situation. You are watching Trader’s calendar.
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