Canadian GDP: the end of loonie’s consolidation?
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Greenback slumps vs. yen, affected by North Korea worries and Fed outlook
On Wednesday, the US currency declined versus the Japanese yen, approaching a recent 4-1/2 month minimum, suppressed by simmering tensions on the Korean peninsula as well as comments by a Fed official about low American inflation.
The greenback tumbled 0.2% reaching 108.60 yen and hit a minimum close to 108.50 yen in early Asian trade.
On Tuesday, a top North Korean diplomat told that the isolated nation was ready to deliver more gifts to America.
Both the Japanese yen and the Swiss franc have ascended this week because geopolitical tensions resumed after on Sunday North Korea conducted a mighty nuclear test, thus affecting traders’ appetite for riskier assets.
The Swiss franc rallied approximately 0.1% being worth 0.9538 franc per greenback, with the franc having ascended 1.1% this week.
The common currency grew 0.1% trading at $1.1923, although staying below a 2-1/2 year maximum of $1.2070 reached the previous week.
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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.
USD is waiting for the jobless claims!
The US unemployment claims are announced on Thursday at 15:30 MT time.
Latest news
Big day for USD
The US NFP will be published on August 7 at 15:30 MT time.
Main market movements on August 6
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.
GBP is in focus
Follow the BOE monetary policy and rate statements on August 6 at 14:00 MT time…
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