The UK Speeds Up Tightening
The Bank of England (BoE) will share its Official Bank Rate and make a statement on monetary policy on August 4, 14:00 GMT+3.
Greenback regains some footing
On Thursday, the evergreen buck tacked on, paring some of the losses it faced after Donald Trump told that a shutdown of the government was probable and even threatened to cancel the North American Free Trade Agreement.
On Thursday, Trump warned that he might terminate the NAFTA trade treaty with Canada and Mexico after three-way negotiations didn’t managed to bridge deep differences. Additionally, he told he might shut down the government if he fails to obtain funding to erect a wall on the US-Mexico border.
His remarks emerged ahead of a looming debate in Congress as for lifting the debt ceiling, and also knocked the US currency lower on Wednesday.
On Thursday, the evergreen buck managed to regain some ground. Against the Japanese yen, the US currency went up 0.1% being worth 109.19 yen, having dropped 0.5% on Wednesday.
The greenback’s upside potential seems restricted for now, as some financial experts point out.
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Is Australia Ready for More Hikes?
The Reserve Bank of Australia (RBA) will release its interest rates and make a statement on August 2, 7:30 GMT+3.
Again? Will the Fed Increase the Rate?
The Federal Open Market Committee (FOMC) will update the Federal Funds Rate and make a statement about future monetary policy on July 27 at 21:00 MT.
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Events to trade on August 15-19
A new week means new trading opportunities! Here are some events that can fluctuate the market actively…
USD Moves Weird Ahead of CPI
The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
The NFP Release: One More Punch for USD?
The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.
