The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Greenback fluctuates amid doubts over Trump's tax initiative
On Wednesday, rumors that President Donald Trump's tax overhaul initiative would stall kept the greenback below a recent 10-week maximum versus key currencies, and the common currency stuck to a 12-day maximum because political tensions over Catalonia relieved a bit.
The common currency didn’t change offering a reading of $1.1808 having hit $1.1828, which is its highest value since September 29, due partly to positive euro zone economic indicators, which have helped it to soar from a seven-week minimum of $1.1669 on Friday.
The euro's ascend strengthened after on Tuesday Catalan leader Carles Puigdemont dared to proclaim the region's independence from Spain, although he told the effects would be delayed to enable negotiations and prevent an immediate crisis.
Firm economic data out of Germany spurred confidence in the common currency because upbeat industrial output numbers reported on Monday were followed by Tuesday’s figures showing exports rallied in August.
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 Manufacturing PMI will be out on Wednesday at 04:00 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!