Canadian GDP: the end of loonie’s consolidation?
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Aussie gives up some revenues on China data
On Thursday, the Australian dollar gave up some earlier revenues because a surprise leap in jobs for August data was compensated with weaker fixed asset investment, industrial output and retail sales figures from key trading partner China.
The currency pair USD/JPY hit 110.47, sliding 0.01%, AUD/USD reached 0.8003, ascending 0.21%.
The U.S. dollar index, gauging the US currency’s value against six major currencies, grew 0.06% reaching 92.45.
China unveiled fixed asset investment for August, which soared 7.8%, versus the 8.2% leap expected on year. Additionally, industrial output grew 6%, versus a 6.6% rally observed on year. Retail sales inched up 10.1% versus a 10.5% jump observed on year.
Australia posted jobs data with the employment change figure leaping by up to 54,200 versus gain of about 15,000 jobs observed for August under a participation rate of nearly 65.3%, which is higher the 65.1% expected, and an unemployment rate stuck to 5.6%.
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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.
Latest news
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.
GBP is in focus
Follow the BOE monetary policy and rate statements on August 6 at 14:00 MT time…
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