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U.K. economic reports scheduled for release next week outside of GDP revisions

Although softer economic reports played a key role in the dollar’s decline, President Trump’s political trouble is the real reason for its aggressive slide.
If the optimism fades and doubt grows, the Fed may need forgo raising interest rates next month and that’s when the long dollar trade completely unwinds.
The Canadian dollar was the best performer while the New Zealand dollar lagged behind amidst mixed data.
There are no major U.K. economic reports scheduled for release next week outside of GDP revisions but U.K. GDP is generally not revised.
Even if the Fed tightens next month, if they cast doubt about future moves, the dollar could suffer.

US Dollar

as informed in The month old CSPAN video was interpreted as former FBI Director James Comey saying he was never pressured to end an FBI probe.
However, in the video, Comey is answering a question specific to the U.S. Attorney General or “senior officials at the Department of Justice,” not President Donald Trump.

U.S. dollar suddenly surged against the British pound and other currencies

U.S. dollar

The U.S. dollar suddenly surged against the British pound and other currencies Thursday after the reemergence of former FBI Director James Comey saying Trump never asked to end the probe, reported CNBC.
In this file photo, traders work on the floor of the New York Stock Exchange (NYSE) on February 24, 2017 in New York City.
However, multiple traders said this was the trigger for the move higher in the dollar, as well as the Dow Jones industrial average, which hit a new high for the day shortly after the initial currency move.

The Canadian dollar was the best performer while the New Zealand dollar lagged behind amidst mixed data.
There are no major U.K. economic reports scheduled for release next week outside of GDP revisions but U.K. GDP is generally not revised.
 

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