Keep an eye on US inflation data
The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Bullish bets on Chinese Yuan reach their maximum since December
Market participants increased their long positions in most Asian currencies versus two weeks ago. Bullish bets on the Chinese Yuan reached their highest value since December, as a Reuters survey disclosed on Thursday. It’s because the greenback languished close to multimonth minimums on political woes in the USA.
The survey was carried out between Tuesday and Wednesday. All responses were obtained before the Fed concluded its two-day gathering on Wednesday.
The key US bank maintained its benchmark lending rate and told it was keeping to its slow path of monetary tightening, though stressed both overall inflation as well as a measure of underlying price gains had went down. Apparently, the perceived dovish tone on inflation sent the greenback to a 13-month minimum versus a basket of currencies.
Long positions in the Chinese Yuan have rallied to their highest value since December. Meanwhile, the Korean won has demonstrated the most bullish bets since May.
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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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