The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Euro tumbles after six months of revenues
On Friday, the common currency went down having ended its sixth straight month of revenues because market participants got ready for a European Central Bank gathering next week exactly where policymakers are supposed to discuss the overall impact of the currency's strength.
With just 15 out of 79 experts in the latest Reuters survey actually expecting the ECB to reveal a timeline for its withdrawal in bond purchase initiatives, the market expects the euro’s strength will attract some comments from officials.
The ECB won‘t probably decide on trimming its asset purchases that are going to be phased out only slowly because the euro's rapid revenues versus the evergreen buck are worrying a surging number of policymakers. That’s what three sources already familiar with discussions informed Reuters.
The euro tumbled 0.25% being worth $1.1881. It had been growing for six consecutive months through August, hitting a 2-1/2 year maximum above $1.20 this week.
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.
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!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
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.