The Australian unemployment rate will be released on August 13 at 4:30 MT time!
Keep an eye on the important release for the loonie
The level of GDP growth for Canada will be published on June 28, at 15:30 MT time.
The GDP growth represents the change in the inflation-adjusted value of all goods and services produced by the economy. During the previous release, the indicator advanced by 0.5%. That was a higher level than the forecasts by analysts. It made the Canadian dollar rise. Will the situation repeat itself this time? Let's see.
• If the actual level of GDP growth is higher than the forecasts, the Cad will rise;
• If the actual level of GDP growth is lower than the forecasts, the CAD will fall.
Follow the report on August 14 at 15:30 MT time!
The market sentiment switched to risk-on. The US dollar is dipping down, while riskier assets are rising, especially the Australian dollar after the positive employment data. All eyes on US unemployment claims.
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