Is Australia Ready for More Hikes?
The Reserve Bank of Australia (RBA) will release its interest rates and make a statement on August 2, 7:30 GMT+3.
Greenback decreases ahead of American data
On Friday, the evergreen buck sank versus other key currencies because market participants eyed the publication of American economic reports later in the day and as the minutes of the Fed’s latest policy gathering kept weighing.
The currency pair EUR/USD headed north 0.12%, being worth 1.1222.
The US dollar was still underpinned by Thursday’s better than expected American initial jobless claims data.
The data arose just a day after the minutes of the Fed’s May gathering unveiled that the US major bank intends to unwind its balance sheet towards the end of 2017, probably utilizing a system where cap limits are implemented on how much the Federal Reserve would roll off every month without getting down to reinvesting.
The Federal Reserve also indicated that interest rates could be lifted in the nearer future. In addition to this, he stressed that it would be rational to wait for more American economic data.
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USD Moves Weird Ahead of CPI
The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
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The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.
The UK Speeds Up Tightening
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