The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Greenback loses in Asia after North Korea nuclear test
On Monday, the evergreen buck held weaker in Asia. It’s because at the weekend North Korea announced it successfully tested a hydrogen bomb, thus powering tensions with the United States, Japan, South Korea, to say nothing of its angering ally China.
Gauging the greenback’s value versus a trade-weighted basket of six crucial currencies, the US dollar index went down 0.25% being worth 92.59.
The currency pair USD/JPY hit 109.72, sagging 0.49%. At the same time AUD/USD reached 0.7960, descending 0.10%. As or EUR/USD, this currency pair also demonstrated revenues, soaring 0.21% and getting to 1.1885.
Meanwhile, Australia’s business inventories went down 0.4% for the first quarter as expected and from a 1.2% ascend during the previous period. Additionally, company gross operating revenues tumbled 4.5%, which is more than the 4 dive observed in the second quarter, and versus the previous 6% leap.
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 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!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.