Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Greenback rebounds in Asia
On Tuesday, the evergreen buck gained smartly versus the Japanese yen in Asia in rebound trade because Donald Trump told that the America would proceed with its military support to Afghanistan after 16 years.
The currency pair USD/JPY hit 10.9.27 soaring 0.28%. Meanwhile, AUD/USD showed 0.798, staying intact. As for GBP/USD, this pair demonstrated 1.1885, descending 0.13%.
Overnight, the American currency slumped versus a basket of global currencies amid a leap in safe-haven demand, reacting to renewed geopolitical tension in the Korean Peninsula, caused by US-South Korea military drills.
The US dollar lost ground versus safe-haven currencies like the Japanese yen as well as the Swiss franc after on Monday America and South Korea started computer-simulated military drills.
The Chicago Fed Activity Index, gauging economic activity as well as inflation projections, missed hopes moderately, dipping 0.01% to 0.15 from last month.
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
The US unemployment claims are announced on Thursday at 15:30 MT time.
The US NFP will be published on August 7 at 15:30 MT time.
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.
Follow the BOE monetary policy and rate statements on August 6 at 14:00 MT time…