Investors should pay attention to remarks by key central bank officials in the UK, US, and Europe

Investors should pay attention to remarks by key central bank officials in the UK, US, and Europe

29.06.2022

Yesterday, the U.S. dollar traded firmly against the currencies of Oceania, Europe, and Japan, emerging as the strongest currency. The rise against the euro was particularly notable, with the EUR/USD pair falling approximately 100 pips from 1.0606 to 1.0502.The sharp decline during yesterday’s U.S. trading session was notable, and similar price movements are being seen during today’s Asian session. However, since the EUR/USD has rebounded at 1.0502—the lower boundary of the upward parallel channel—we will be watching closely to see if it returns to an uptrend.

European currencies, including the euro and the pound, fell against the U.S. dollar.Yesterday, ECB President Lagarde stated, “We are prepared to raise rates by 0.25 percentage points at the July meeting, but we are ready to take more decisive action if necessary to curb inflation.” Despite expectations of a rate hike, the euro fell against both the U.S. dollar and the yen. The euro/yen pair briefly touched a new high for the year but then reversed course, falling from 144.276 to 142.801.

Today’s schedule includes Turkey’s Economic Sentiment Index at 4:00 PM CET, the U.S. MBA Mortgage Applications Index at 8:00 PM CET, and Germany’s Consumer Price Index (flash estimate) at 9:00 PM CET, followed by the U.S. Q1 GDP, U.S. Personal Consumption Expenditures, and U.S. Core PCE Deflator at 9:30 PM EST,at 10:00 PM UK time: remarks by BOE Governor Bailey, ECB President Lagarde, and Fed Chair Powell; at 11:30 PM: US weekly crude oil inventories; at 12:30 AM: remarks by Cleveland Fed President Mester; and at 2:05 AM: remarks by St. Louis Fed President Bullard.Keep an eye on the key speeches starting at 10:00 PM tonight.

Past Market Reports

1. 22.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 15.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 14.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

8. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 10.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

10. 09.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?