The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Aussie and Kiwi dive, although keeping to multi-month highs
On Monday, the Australian and New Zealand dollars lost versus their American rival because the US currency mildly revived from recent losses notwithstanding it kept hovering near three-year minimums versus a basket of key currencies.
The currency pair AUD/USD slid 0.18% being worth 0.8094, which is off Friday's 32-month maximum of 0.8137.
The US currency gained some support after Friday’s data disclosed that American durable goods orders tacked on by 2.9% in December, while real consumer spending soared 3.8% for the fourth quarter.
However, market sentiment on the greenback was still fragile after the previous week US Treasury Secretary Steven Mnuchin told that a weaker greenback was quite positive for US trade.
The currency pair NZD/USD dived 0.15% hitting 0.7339, while still hovering near the previous week's four-month peak of 0.7438.
The US dollar index that gauges the US currency’s value versus a basket of six key currencies, stood still, showing an outcome of 88.92.
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 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.
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
The market sentiment remains risk-off amid rising virus cases around the world and fears over new restrictions and lockdowns.