ECB meeting is on the agenda. Will the EUR get weaker?
Pay attention to the BOC statement
The Bank of Canada will publish its statement on July 10, at 17:00 MT time. At the same time, the interest rate will be announced.
We do not anticipate any changes to the current interest rate, which is held at 1.75%. But it would be interesting to hear the tone of the statement by the BOC due to the global uncertainties and dovish statements of other major central banks. Let’s find out whether the bank will support the Canadian dollar.
• If the BOC is hawkish, the CAD will rise;
• If the BOC is dovish, the CAD will fall.
The news that opposition lawmakers plan to stop Boris Johnson to leave the European Union without a deal increased the political uncertainties in the UK.
The level of non-farm payrolls (NFP), also known as non-farm employment change will be published on September 6, at 15:30 MT time.
The retail sales for the US in focus today
During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
The USA will publish the level of retail sales and core retail sales on September 13, at 15:30 MT time.