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 loses in Asia
On Friday, the evergreen buck lose in Asia, and safe-have yen demand gained because rhetoric between North Korea and the United States escalated with any missile launches by North Korea a potential flashpoint.
Tracking the greenback’s value versus a trade-weighted basket of six main currencies, the US dollar index edged down 0.06% being worth 93.24.
The currency pair USD/JPY demonstrated 108.97, losing 0.20%, AUD/USD hit 0.7847, declining 0.36%.
Overnight, the US currency was nearly intact versus a basket of key currencies because the flight to safety trade proceeded in the wake of ascending geopolitical tensions between America and North Korea. Meanwhile, dismal inflation data contributed to downside momentum.
The evergreen buck struggled for direction because data disclosed the slowdown in inflation was still unabated and initial jobless claims data beat expectations.
At the same time, initial claims for state unemployment benefits went up 3,000 to a seasonally adjusted 244,000 by August 5, as the Labor Department informed on Thursday.
Similar
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.
Latest news
Final debate and stimulus talks are in focus
Three main drivers of the market: the stimulus package, the US presidential election and the coronavirus. Let's look how market reacts.
GOOGLE: in the crosshairs
The US Department of Justice thinks 87% a market share is too much for Google alone. The market thinks it's ok.
All attention to Euro
EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!
Deposit with your local payment systems
