Investing.com - The euro reversed gains on Wednesday, retreating from one-year highs after the European Central Bank said the market misinterpreted remarks by President Mario Draghi a day earlier.
The International Monetary Fund has cut its forecast for the US economy, saying it could no longer assume the Trump administration will be able to deliver pledged tax cuts and higher infrastructure spending.
Economic sanctions and poor liquidity have created chaos in the foreign exchange market for Qatari riyals, with the currency trading far below its peg to the U.S. dollar this week, but bankers in the region believe the peg remains solid.
The Autorité des marchés financiers (AMF) and the Autorité de contrôle prudentiel et de resolution (ACPR) have released a statement warning traders living in France of five online forex trading firms that have been approaching clients without the necessary license.
Mark Carney said the Bank of England’s Monetary Policy Committee may need to begin raising interest rates soon.
Next trading day's important events
- 15:30 (GMT 3) USA - Gross Domestic Product Annualized (Q1)
- USDJPY: 112.19
- EURUSD: 1.1378
- S&P 500: 2432.94
- NASDAQ: 6165.41