FX.co ★ Trader’s calendar on November 7: Economy boosts USD instead of elections

Two of the three major events in November that may seriously affect the US dollar have already passed. The markets largely ignored October’s nonfarm payroll drop to 12,000 jobs. However, they have to take into account the results of the recent elections, as they may influence not only the United States but also the global economy.

However, one more critical event awaits the dollar. This is the Federal Reserve’s decision on the benchmark rate. This announcement is sure to become the main market news of the day.

Additionally, November 7 will see the release of other macroeconomic reports. Let us explore how these announcements may affect movements in currencies and assets

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