The loonie awaits the important release
Canada will release the level of CPI on August 21, at 15:30 MT time.
Evergreen buck surges, UK pound dives
On Friday, the evergreen buck managed to inch up versus its primary counterparts. At the same time, Britain’s major currency proceeded with its decline in the face of everlasting Brexit worries.
Tracking the American dollar’s purchasing potential against a number of its major rivals the USD index climbed up by up to 0.40% coming up with an outcome of 93.84.
Besides this, earlier in the week, the world’s number two economy, China told that it’s on the verge of imposing fresh duties on American products worth about $60 billion on September 24. The fresh levies happened to be a response to American ones slapped on Monday - 10% on $200 billion in China’s products, which are scheduled to extend to up to 25% at the end of 2018.
Besides this, the evergreen buck managed to rally versus the safe-haven Japanese yen. The currency pair USD/JPY ascended by 0.11% ending up with 112.60 notwithstanding Japan’s inflation that unexpectedly hit a seven-month maximum.
The UK currency headed south to an intraday minimum after UK Prime Minister Theresa May told that the EU and Britain were at an impasse in Brexit talks, thus generating new worries of a no-deal Brexit. Prime Minister told that negotiations froze after the European bloc rejected Britain’s offers without providing an alternative.
European countries along with the British Parliament are expected to approve any pact before the March 29, which is the official exit date.
The currency pair GBP/USD inched down by 1.43% trading at 1.3071.
The currency pair EUR/USD slumped by 0.29% hitting 1.1742 because of a higher greenback as well as data, which disclosed that the eurozone manufacturing PMI appeared to be lower than anticipated.
The currency pair AUD/USD lost 0.16% reaching 0.7280. As for NZD/USD, this pair added 1.04% trading at 0.6679 following Moody's had the country’s AAA rating reaffirmed.
Similar
Weekly Cryptonews
Cryptocurrencies are going down... What may signal a recovery?
Jobs data for Australia may support the AUD
Australia will release the level of employment change and unemployment rate on August 15, at 4:30 MT time.
Latest news
Bitcoin dives 14%, slumping below $5,000
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.
Deposit with your local payment systems
