Will Fed Chair Powell Move the USD?
The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.
Greenback drops to lowest vs yen since November
On Monday, the major US currency declined to its lowest value against the Japanese yen since late November in Asia on heightened political risk worries as a Republican-controlled Congress as well as presidency are actually in focus to deliver on economic plans for tax drops and spending following a failed attempt to reform healthcare.
The US dollar index, tracking the greenback’s actual value against a trade-weighted basket of six crucial currencies, dived 0.47%, trading at 99.12.
In Japan, the corporate services price index inched up 0.8% year-on-year, thus ruining an expected 0.5% surge.
The currency pair USD/JPY showed 110.36, sliding 0.91%, AUD/USD hit 0.7624, standing still.
Meanwhile, Prime Minister Theresa May is going to set out how her government intends to restore sovereignty over the UK’s laws on Thursday, releasing a detailed paper on ceasing the supremacy of EU lawmakers.
The currency pair GBP/USD hit 1.2520, jumping 0.38%.
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What Can Happen to the CAD after the Retail Data?
Canada will publish Retail Sales and Core Retail Sales on June 21 at 15:30 GMT+3.
How Will US PPI Affect USD?
The US PPI will come out on Tuesday, June 14, at 15:30 MT time (GMT+3).
Latest news
ISM PMI Indicates Contraction
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.
US PCE May Soar Soon
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
Bank of England Tries to Save the Pound
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
