What you need to know on Friday, September 27
Publish Date : 2019/09/27 - 07:37

What you need to know on Friday, September 27:

EUR/USD continues its downward trend, hitting the lowest since May 2017 and nearing 1.09. German import prices dropped by 0.6% in August, worse than expected.

President Donald Trump is accused to political infraction on his potential political rival Joe Biden. The news weighs on market sentiment.

The EU sees lower chances of achieving any Brexit deal with the UK. GBP/USD has stabilized above 1.23.

Oil prices remain under pressure as Saudi oil output returns to normal.

Inflation figures for the Tokyo fell short of expectations with 0.5%. It adds pressure on the BOJ to cut interest rates.

The US economic calendar is packed with market-moving data. Durable Goods Orders for August and PCE are set to rise.

Cryptocurrencies have continued falling with Bitcoin dipping below $8,000.


Source: Fxstreet

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