The FX markets were quiet at the start of the week, with the dollar slightly lower against the majors but up against the yen as traders were content to keep rates steady ahead of a very big week in.
Dollar Edges Higher as Fed Keeps Rates Steady – Investing.com – The U.S. dollar crept higher against its rivals on Wednesday as the Federal Reserve stood pat on rates, and looks set to continue with its pause despite calls for rate cut.
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Australian Dollar Rises on Trade Deal Hope; Fed Keeps Rates Unchanged – Investing.com – The Australian dollar rose on Thursday in Asia on positive Sino-U.S. trade deals while the U.S. dollar edged down after the Federal Reserve left interest rates unchanged.
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FX: Dollar Soars To Fresh Highs, Big Week Ahead – The dollar’s strength is driven by a combination of stronger US data and rising stock values. Investors are attracted to the record-breaking moves in US equities; their confidence is encouraged by.
USD/JPY Fundamental Daily Forecast – BOJ Expected to Leave Rates Unchanged, Could Downgrade Economy – The Dollar/Yen is trading lower on Thursday as investors square positions ahead of the release of the Bank of Japan interest.
In total, this group holds a combined $790 billion in debt, slightly more than half of the $1.4 trillion in outstanding student loans. In other words, that 14% of borrowers owes the majority of student debt. On the bright side, borrowers with massive amounts of debt are less likely to default on their loans.
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