The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Asian currencies go down
On Tuesday, the Japanese yen seesawed in rather a narrow range in Asia, just a day after reaching four month minimums versus the greenback, with most Asian currencies staying subdued.
The Japanese yen was at 114.20 by mid-morning, regaining some lost ground, with a dipping in machine order as well as soft current account figures putting pressure on traders.
Meanwhile, the Chinese Yuan stood still. The PBOC enabled the national currency to trade at 6.8045, giving up 0.04% versus the greenback.
The South Korean won inched down 0.09% during early morning trade, hitting 1150.500 versus the USD.
On Friday, the US currency managed to grow versus a basket of the other key currencies on Friday after data disclosing that the American economy generated jobs at a robust pace the previous month backed expectations for a third lift by the Fed in 2017.
The previous month the American economy generated 222,000 jobs as the Labor Department informed, surpassing expectations.
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.