The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
Greenback soars on Fed talk
On Wednesday, the greenback drifted away from 4-1/2-month minimums against a currency basket after solid data backed hopes for more American interest rate lifts this year, while the British pound was knocked by the UK triggering its exit from the EU.
The dollar index, estimating the greenback’s value against six key rivals, managed to grow to 99.751. It crawled off a minimum of 98.858 reached earlier this week, its weakest value since November 11, in the wake of Donald Trump's failure with his healthcare reform bill.
The healthcare failure reform drove doubts that Trump would be able to carry out his fiscal stimulus as well as tax cuts, and weighed the greenback to 110.11 yen, its lowest outcome since November 18.
Besides this, US Federal Reserve Vice Chairman Stanley Fischer also gave the greenback a lift as he stressed in a television interview that two more hikes to American overnight interest rates this year seemed right.
The US unemployment claims are announced on Thursday at 15:30 MT time.
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 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…