The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Aussie declines, Kiwi gains ground
On Monday, the Australian dollar went down versus its American rival, after the publication of dismal Australian data. Meanwhile, the New Zealand dollar managed to gain some ground amid renewed geopolitical tensions between American and North Korea.
The currency pair AUD/USD dived 0.13% being worth 0.7957 right after the Australian Bureau of Statistics announced that company operating revenues dived by 4.5% during the second quarter, versus expectations for a 4% dip.
July’s company operating revenues were updated to a 5.8% soar from a previously estimated 6% ascend.
Geopolitical threats revived after on Sunday North Korea announced that it had successfully conducted a test of a hydrogen bomb, which could be potentially installed on an intercontinental ballistic missile.
Pyongyang dubbed the test a complete success, reporting a greater yield compared to previous tests and with no negative impact on the environment.
The currency pair NZD/USD jumped 0.22% hitting 0.7173, which is not far from last Thursday's three-month dip of 0.7132.
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.
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!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.