Forex – Weekly Outlook: November 26 – 30

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Investing.com – This week investors will be focusing their attention on Friday’s planned meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping at the upcoming G20 summit.

Market watchers are hoping that talks between the pair could lead to a ceasefire in the trade war between Washington and Beijing.

Investors will also be awaiting the release of the minutes from the Federal Reserve’s latest policy meeting and an analysis on the draft Brexit deal from the Bank of England.

A speech on Wednesday by Fed Chairman Jerome Powell will be closely watched after other Fed policymakers sounded more dovish on the economic outlook recently.

The economic calendar also contains updates on the strength of the U.S. economy and the housing market, which has been hit by rising interest rates.

The dollar strengthened against a currency basket on Friday as risk appetite deteriorated and steep drop in oil prices added to fears that the global economy is slowing.

Read more at : https://www.investing.com/news/forex-news/forex–weekly-outlook-november-26–30-1699282

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