Canadian GDP: the end of loonie’s consolidation?
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Aussie declines, Kiwi stands still in late trade
On Monday, the Australian dollar decreased versus its American rival, while the New Zealand dollar was nearly intact because worries over American political tensions seemed to have eased and financial markets were still digesting the recent Barcelona terrorist incident.
The currency pair AUD/USD went down 0.11% being worth 0.7923.
The US dollar revived from losses following the news that senior White House advisor Steven Bannon had been sacked by Donald Trump.
Everlasting uncertainty over the economic agenda of Donald Trump along with doubts that the major US financial institution will deliver a third rate lift in 2017 have fed into the greenback’s recent weakness.
The currency pair NZD/USD was intact being worth 0.7316.
At the same time market participants were still cautious after last Thursday a terrorist attack murdered up to 14 folks and injured about 100 others.
On Sunday, Spanish police was still looking for the terrorist behind the wheel in the recent Barcelona van incident, amid surging signs that members of the militant group boasted connections in Europe.
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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.
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What drives the market on August 10?
The market has started the week with a mixed sentiment…
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.
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