Keep an eye on US inflation data
The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Greenback goes down in Asia as NKorea sanctions fall short
On Tuesday, the evergreen buck declined in Asia because market participants noted the impact of the fresh UN sanctions on North Korea for its missile and nuclear test turned to be weaker than expected and that political risk was still a firm regional concern.
The currency pair USD/JPY reached 109.30, sliding 0.09%. At the same time AUD/USD hit 0.8013, descending 0.17%.
Gauging the greenback’s value versus a trade-weighted basket of six crucial currencies, the US dollar index edged down 0.08% being worth 91.58.
Australia unveiled August’s NAB business confidence reading was 5, the NAB business survey hit 15, versus respectively 12 and 15 in July.
Overnight, the evergreen buck edged up versus a basket of key currencies, underpinned by a steep dip in demand for safe-haven currencies because geopolitical uncertainty relieved after North Korea stood away from conducting another nuclear test over the weekend as previously anticipated.
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Canadian GDP: the end of loonie’s consolidation?
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Will the US economy help the greenback?
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
Latest news
CAD is in focus
Follow Canadian core retail sales on September 18 at 15:30 MT time!
Main market movements on September 17
The US dollar gained after the Fed’s report, while riskier assets dropped. Let’s have a closer look.
How to trade GBP after BOE statement?
Keep an eye on the UK monetary policy statement on September 17 at 14:00 MT time!
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