The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Aussie and Kiwi head south vs. broadly stronger US dollar
On Wednesday, the Australian and New Zealand dollars slumped because hopes for another US rate hike in December gave broad support to the US currency. Additionally, market participants were closely watching the Reserve Bank of New Zealand's interest rate verdict on Thursday.
The currency pair AUD/USD went down 0.38% being worth 0.7856. That’s the lowest outcome since August 16.
On Tuesday, Fed Chair Janet Yellen stressed that the major US bank requires continuing gradual interest rate leaps notwithstanding uncertainty as for the path of inflation.
The greenback had already gained support after on Monday New York Fed President William Dudley told that the Fed is on the verge of gradually lifting interest rates as factors depressing inflation are receding and the American economy's fundamentals are sound enough.
The currency pair NZD/USD edged down 0.17% trading at 0.7195.
The RBNZ is believed to leave interest rates intact at 1.75%, although comments following the verdict will be closely watched for any clues on future policy decisions.
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.
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
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!