The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Aussie and Kiwi tumble vs. broadly stronger US dollar
On Monday, the Australian and New Zealand dollars headed south versus their American rival because hopes for a rate lift as well as tax reform in America before the end of 2017 kept backing demand for the US dollar.
The currency pair AUD/USD went down 0.20% being worth 0.7820, which is not far from last Thursday's two-month minimum of 0.7798.
The evergreen buck was still backed after last week Fed Chair Janet Yellen told that the US key financial institution was considering a third rate lift in 2017.
The US currency received an extra boost from fresh expectations for American tax reform after last Wednesday the Trump administration disclosed plans for a sweeping overhaul of the country’s tax code.
As for trading volumes, they were believed to stay thin with Australian markets unavailable on Monday for the Labor Day holiday.
The currency pair NZD/USD managed to edge down 0.47% being worth 0.7195.
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!