Weekly FX Update – 31 August 2017 (Video)
It’s been a week of two halves, with the start driven by renewed geopolitical tensions after North Korea launched a missile over Japan and the latter by an abundance of economic releases. While risk aversion dominated earlier on – made worse by the devastating impact of Tropical Storm Harvey – it gradually recovered as the week progressed although an underlying feeling of unease still remains.
The week ahead promises to be anything but dull, starting with Friday’s jobs report providing additional insight into the US economy after the disappointing inflation data on Thursday. The week after see’s central banks dominate with decisions from the Reserve Bank of Australia, Bank of Canada and the European Central Bank.
Senior Market Analyst Craig Erlam discusses all of these issues and gives his analysis on EURUSD (7:10), GBPUSD (9:26), EURGBP (10:44), AUDUSD (12:56), USDCAD (14:25), GBPCAD (16:48), NZDUSD (17:58), USDJPY (20:12), GBPJPY (21:27) and EURJPY (23:12).