Canadian job data may push the CAD up
Canada will release the employment change and the unemployment rate on October 9, at 15:30 MT time.
Aussie declines in early Asia
On Tuesday, the Australian dollar sagged in early Asia, with no key regional data because market participants keep monitoring dollar weakness amid political turmoil in America.
The currency pair AUD/USD hit 0.7937, inching down 0.01%. Meanwhile, AUD/JPY reached 109.07, soaring 0.09%.
Estimating the greenback’s actual strength versus a basket of six main currencies, the US dollar index went down 0.39% being worth 93.00.
Overnight, the evergreen buck slumped versus global currencies amid a definite uptick in safe-haven demand, reacting to resumed geopolitical tension in the Korean Peninsula because US-South Korea military exercises already got underway.
The US currency lost ground versus safe-haven currencies, such as the Japanese yen as well as the Swiss franc after on Monday America and South Korea started their computer-simulated military exercises, potentially risking a reaction from Kim Jong Un, North Korean leader, who might consider such exercises as preparation for an invasion of his country.
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Keep an eye on US inflation data
The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Canadian GDP: the end of loonie’s consolidation?
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
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