© Reuters. The US dollar held its ground today, as investors digested Federal Reserve Chair Jerome Powell’s recent comments on the ongoing rate hikes and their impact on the economy. This stability comes against the backdrop of Moody’s (NYSE:) decision to downgrade the US sovereign credit rating, citing political and governance concerns. The market is
MON: OPEC OMR, Canadian Remembrance Day (Observed). TUE: IEA OMR; UK Average Earnings/Unemployment (Oct/Sep), EZ Employment (Q3), German ZEW (Nov), US NFIB (Oct), CPI (Oct), Japanese GDP (Q3). WED: Chinese Retail Sales/Industrial Output (Oct), UK CPI (Oct), EZ Trade Balance (Sep), US PPI Final Demand (Oct), Retail Sales (Oct), Japanese Trade Balance (Oct). THU: CBRT
