Canadian GDP: the end of loonie’s consolidation?
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Greenback tumbles vs yen and Swiss franc
On Tuesday, the US currency declined versus the Japanese yen as well as Swiss franc because global tensions resumed amid signs more missile tests could be conducted by North Korea.
The greenback slumped 0.4% being worth 109.335 yen, approaching a minimum of 109.220 reached the previous day following a hydrogen bomb test by North Korea on Sunday.
The Swiss franc ascended 0.2% reaching $0.9548 franc per greenback, contributing to revenues from Monday, when it went up 0.7%.
Geopolitical resumed after on Sunday North Korea dared to conduct a mighty nuclear test. In general, the region has remained quite nervous, getting ready for more North Korean missile tests amid evident signs of activity by Pyongyang ahead of September 9, when the isolated nation marks its founding day.
The isolated country has been caught moving what might be another intercontinental ballistic missile towards its west coast. That’s what South Korea's Asia Business Daily informed on Tuesday, referring to an unidentified intelligence source.
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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.
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What drives the market on August 10?
The market has started the week with a mixed sentiment…
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.
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