The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Greenback soars as financial markets digest weekend events
On Monday, the evergreen buck tacked on versus other key currencies because financial markets were reviving from the weekend's elections in New Zealand and Germany. At the same time worries over tensions between North Korea and America seemed to relieve.
The currency pair EUR/USD slumped 0.24% being worth 1.1927. It’s because on Sunday Germany's federal election demonstrated surging support for a far-right party.
On Sunday, chancellor Angela Merkel grasped a fourth term in office. However, she requires building a coalition to create a government as Conservatives were deprived of support in the face of a sudden ascend by the anti-immigration Alternative for Germany or AfD for short.
The currency pair GBP/USD gained 0.13% hitting 1.3550, reviving from moderate losses reported on Friday after British Prime Minister Theresa May provided just few fresh indications on how Brexit is going to proceed.
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 Manufacturing PMI will be out on Wednesday at 04:00 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!