Canadian job data may push the CAD up
Canada will release the employment change and the unemployment rate on October 9, at 15:30 MT time.
Greenback goes down as market sentiment fluctuates
On Friday, the evergreen buck went down versus the other key currencies because market participants were still cautious reacting to a terrorist attack in Spain, while American political tensions kept dampening demand for the US currency.
White House Economic Adviser Gary Cohn debunked rumors of his probable departure late Thursday. Nevertheless, ascending opposition to Trump’s positions have powered worries over the administration’s capability to implement its political agenda.
The greenback was suppressed after the minutes of the Fed’s July policy gathering published on Wednesday revealed that members of the key bank are still divided over the necessity to lift interest rates further in 2017.
The Japanese yen and Swiss franc ascended, with USD/JPY tumbling 0.48% hitting 109.05 and with USD/CHF declining 0.25% trading at 0.9607.
The currency pair EUR/USD went up 0.30% being worth 1.1759, drifting away from the previous session’s three-week minimum of 1.1662. Meanwhile, GBP/USD tacked on 0.26% hitting 1.2901.
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Keep an eye on US inflation data
The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Canadian GDP: the end of loonie’s consolidation?
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
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The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
Uncertainty underpinned USD
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.
US dollar turned up after closing in red yesterday
The market sentiment is mixed, but there are still interesting movements on the market.
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