The Bank of England (BoE) will share its Official Bank Rate and make a statement on monetary policy on August 4, 14:00 GMT+3.
Asian currencies keep gaining, except yen
On Friday, the greenback managed to claw back some of its losses versus Asian currencies because market participants didn’t care a dovish tone from Fed Chair Janet Yellen any longer, while political concerns relieved too. Nevertheless, Asian currencies kept gaining ground.
Estimating the US currency’s value versus six main currencies, the US dollar index decreased 0.04%, trading at 95.52.
The Chinese Yuan kept gaining ground versus the US major currency. The PBOC has already strengthened the reference rate around which the national currency is permitted to trade this week. In the morning the currency pair USD/CNY slid 0.03%, hitting CNY6.7818.
On Thursday, China posted an unexpected leap in both imports and exports. With stronger global demand exports added 11.3% year-on-year, while imports rallied 17.2%.
The greenback decreased versus the Korean won by 0.03%, hitting KRW1,136.
On Friday, the Japanese yen dropped versus the US dollar, thus giving up some early profits. It hit JPY113.44, declining 0.14% against the dollar.
The Reserve Bank of Australia (RBA) will release its interest rates and make a statement on August 2, 7:30 GMT+3.
The Federal Open Market Committee (FOMC) will update the Federal Funds Rate and make a statement about future monetary policy on July 27 at 21:00 MT.
A new week means new trading opportunities! Here are some events that can fluctuate the market actively…
The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.