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WEEKLY REVIEW: Awaiting the Fed’s interest rate decision next week

10 June 2016 Konstantin Meinhardt

The U.S. dollar rebounded this week after last Friday's weak labour market data from the U.S. The U.S. economy added only 38,000 jobs in May.

The majority of market participants do not believe that the Fed will raise its interest rate next week. But market participants speculate that the Fed may hike its interest rates in July. That speculation supported the U.S. dollar this week.

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Market focus

  • China's home prices growth fastest in five months - NBS
  • EU сar sales returned to growth in May - ACEA
  • Bank of Japan Governor Kuroda: BOJ will debate rising overseas economic risks this week
  • Eurozone annual inflation down to 1.2% in May

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