Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Aussie and Kiwi soar versus broadly weaker US dollar
On Thursday, the Australian and New Zealand dollars managed to grow versus their American counterpart because the US currency was pressured amid worries as for Donald Trump's protectionist policies.
The currency pair AUD/USD inched up 0.58% being worth 0.8107, which is the highest value since September.
The US currency dropped broadly after on Tuesday White House representatives told that Trump was about to utilize his speech on Friday in Davos at the World Economic Forum for the purpose of underlining his ambitious policies known as "America First."
The evergreen buck was also affected after on Tuesday, Treasury Secretary Steven Mnuchin told in Davos that the weaker US currency turned to be positive for American trade.
The currency pair NZD/USD tacked on 0.55% being worth 0.7377, which is off December’s five-month maximum of 0.7438.
Statistics New Zealand informed that in the fourth quarter the consumer price index rallied 0.1%, confounding hopes for a soar of 0.4%.
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
The US unemployment claims are announced on Thursday at 15:30 MT time.
The market sentiment improved after the USA reported some decreasing in coronavirus hospitalizations. Gold dropped below $2 000 and the US dollar dipped down, while stocks surged. Let’s have a closer look.
The RBNZ will make the monetary policy statement on August 12 at 5:00 MT time!
The market has started the week with a mixed sentiment…