The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Aussie drops after mixed data sets
On Monday, the Australian dollar descended in Asia on mixed data sets, which demonstrated that retail sales missed expectations, the manufacturing PMI eased, though home building figures gained.
The currency pair AUD/USD reached 0.7618, tumbling 0.14% after the data. Besides this, USD/JPY touched 111.22, sliding 0.16%, while EUR/USD acquired 0.17%, getting to 1.0673.
In Australia the AIG manufacturing index for March declined to 57.5 from 59.3, while Japan's Tankan large manufacturers poll demonstrated a soar to plus-12 from plus-10.
In addition to this, in Australia building approvals soared 8.3%, overleaping the 0.5% dip observed for February. Besides this, retail sales sank 0.1%, thus missing the 0.3% surge expected.
On Monday, financial markets in Shanghai are unavailable for a holiday.
In the week ahead, market participants will be looking to Wednesday’s Fed minutes for fresh clues on the timing of the next American rate lift ahead of Friday’s closely watched nonfarm payrolls data as well as a gathering between Chinese President Xi Jinping and American President Donald Trump in Florida.
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!