Keep an eye on US inflation data
The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Aussie tacks on as RBA holds
On Tuesday, the Australian dollar held revenues in Asia just a few ticks above 0.80 versus the US currency even as the major bank warned Australia’s currency turned to be a factor in interest rate views.
Assessing the greenback’s value versus a trade-weighted basket of six crucial currencies, the US dollar index gained 0.06% sticking to 92.73.
The currency pair AUD/USD rallied 0.36% showing an outcome of 0.8032. Meanwhile, the currency pair USD/JPY demonstrated 110.20, descending 0.05%.
The Reserve Bank of Australia didn’t change its interest rates, leaving them intact at a record minimum 1.5% just as expected on Tuesday, hinting at the potential impact of a strengthening Australian dollar.
Overnight, the evergreen buck languished at more than 14-month minimums versus a basket of global currencies because investors kept betting against the American currency after a mixed pair of economic reports put pressure on market sentiment.
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Canadian GDP: the end of loonie’s consolidation?
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
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.
Latest news
US stimulus package improved sentiment
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!
The US weekly labor data is out!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
Main market news on September 23
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.
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