The Bank of England (BoE) will share its Official Bank Rate and make a statement on monetary policy on August 4, 14:00 GMT+3.
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.
The Reserve Bank of Australia (RBA) will release its interest rates and make a statement on August 2, 7:30 GMT+3.
The Federal Open Market Committee (FOMC) will update the Federal Funds Rate and make a statement about future monetary policy on July 27 at 21:00 MT.
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The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.