Canadian GDP: the end of loonie’s consolidation?
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Aussie and Kiwi tumble as greenback mildly revives
On Monday, the Australian and New Zealand dollars went down versus its American counterpart because the US dollar started recovering from last session's steep losses and as financial markets kept focusing on the impact of natural disasters in America.
The currency pair AUD/USD decreased 0.09% sticking 0.8048, having reached a 28-month high of 0.8125 on Friday.
Diminished hopes for a third rate lift in 2017 coupled with concerns regarding the economic impact of hurricanes in the southeastern US put pressure heavily on the US currency.
On Saturday, Donald Trump told that he’s going to ask Congress to step up its efforts to overhaul the American tax code, hinting at the potential impact of Hurricane Irma.
The currency pair NZD/USD tumbled 0.17% being worth 0.7254, off Friday's two-week maximum of 0.7337.
Traders had been worried about a probable North Korean missile test on Saturday, just to commemorate their national holiday.
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Will the US economy help the greenback?
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
USD is waiting for the jobless claims!
The US unemployment claims are announced on Thursday at 15:30 MT time.
Latest news
Big day for USD
The US NFP will be published on August 7 at 15:30 MT time.
Main market movements on August 6
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.
GBP is in focus
Follow the BOE monetary policy and rate statements on August 6 at 14:00 MT time…
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