Keep an eye on US inflation data
The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Greenback soars as North Korean tensions decline
On Tuesday, revenues versus the Japanese yen and the Swiss franc provoked a broad ascend in the US currency, backed by an evident easing of the tensions around North Korea, which pushed capital towards Switzerland as well as Japan the previous week.
The Japanese yen and the franc had both rallied because Pyongyang and Washington ramped up their military threats following the imposition of fresh sanctions on the Koreans via the United Nations just 10 days ago.
Nevertheless, on Tuesday, a North Korean state media informed that the country’s leader Kim Jong Un had delayed his decision on launching missiles towards the US Pacific territory of Guam. Financial markets viewed it as another indication that the threats were absolutely rhetorical.
The US currency gained 0.7% leaping to 110.42 yen, returning to levels last observed before Donald Trump promised the previous week that North Korea would be met with fury and fire if it dared to threaten America.
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Canadian GDP: the end of loonie’s consolidation?
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
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.
Latest news
US stimulus package improved sentiment
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!
The US weekly labor data is out!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
Main market news on September 23
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
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