The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Greenback dips to four-month minimum vs. yen after NK fires missile
On Tuesday, the evergreen buck reached a four-month minimum versus the Japanese yen after North Korea launched a missile, which passed over northern Japan. The given act of provocation by Pyongyang has drastically increased global tensions.
The evergreen buck slumped 0.4% being worth 108.81 yen, having dropped to 108.33 yen on Tuesday, which is its lowest outcome since mid-April.
A risk-averse mood dominated the region reacting to the missile launch. Japan's Nikkei stock index N225 edged down to its lowest value in almost four months.
The Japanese yen tends to derive benefits during times of financial or geopolitical stress because Japan happens to be the world's leading creditor nation and it boasts a current account surplus.
There’s also an assumption, which Japanese traders might probably repatriate funds in case market turmoil persists and worsens their risk appetite.
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.
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
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.