1Finance

The US dollar enjoyed some strength thanks to the Fed’s hawkish hike. Can it continue advancing? The Fed can continue influencing currencies thanks to speeches from top Fed officials. In addition, we have housing data from the US and other events. Here are the highlights for the upcoming week.

1. FOMC’s Dudley talks: Monday, 12:00. New York Fed President Bill Dudley is No. 3 at the Federal Reserve and usually a dove. In his speech in Plattsburgh, Dudley could provide more insight about the next moves of the Fed.
2. FOMC’s Fischer talks: Tuesday, 12:00. Stanley Fischer is the Vice Chair of the Fed and contrary to Dudley, he is considered a hawk. Fischer will be speaking across the pond, in Amsterdam.
3. US Existing Home Sales: Wednesday, 14:00.
4. Crude oil inventories: Wednesday, 14:30.
5. New Zealand rate decision: Wednesday, 21:00. The team led by Governor Graeme Wheeler is likely to leave the interest rate unchanged at 1.75% and the statement will make a difference. They usually try to talk the currency down.
6. US jobless claims: Thursday, 12:30. A similar number is on the cards: 241K is predicted.
7. US new home sales: Friday, 14:00. New home sales stood at 569K in April and a rise to 599K is forecast now.

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