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 stands still versus other majors ahead of American inflation data
On Thursday, the evergreen buck didn’t change versus a basket of the other key currencies because market participants waited for reports on American consumer inflation later in the day for new indications on whether the major US bank will raise rates again in 2017.
Estimating the greenback’s actual value versus a trade-weighted basket of six main currencies, the US dollar index hit 91.39.
The given index has ascended 1.14% so far this week, drifting away from the previous week’s more than two-year minimums amid a relief soar spurred by reduced concerns over North Korea’s nuclear program as well as the economic impact of Hurricane Irma.
Renewed expectations for the Trump's administrations plans for a tax overhaul underpinned the evergreen buck on Wednesday.
The greenback sank versus the Japanese yen, with USD/JPY showing 110.36.
The common currency was a bit higher, with EUR/USD being worth 1.1894, staying below last Friday’s two-and-a-half year maximums of 1.2091.
Similar
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
Risk-on is back on the market
The market sentiment has switched to risk-on, driving upwards stocks and riskier currencies and weighing on the US dollar.
Crucial event for Forex: NFP
Non-Farm payrolls will be out on Friday at 15:30 MT time! Are you ready?
All attention to USD
US ISM Manufacturing PMI is coming out on Thursday at 17:00 MT time! Be ready!
Deposit with your local payment systems
