Pound Sterling is recovering against Dollar
The British pound has increased in value over the course of the past week in line with an ongoing improvement in investor sentiment.
The CAD traders await the GDP growth
Canada will publish the figures of GDP growth on August 30, at 15:30 MT time.
GDP measures the change in the value of all goods and services produced by the economy. Traders, investors, and policymakers pay attention to it, as represents the economic activity of a country. Higher figures of GDP growth push the domestic currency up. During the previous release, the Canadian indicator advanced by 0.2% (vs. the forecast of 0.1%). The USD/CAD pair inched lower after the release but reversed immediately on the stronger dollar. Let's see what happens this time.
• If the actual level of indicator is higher than the forecast, the CAD will strengthen;
• If the actual level of indicator is lower than the forecast, the CAD will weaken.
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The CAD awaits the retail figures
Canada will post an update on change in core retail sales on March 20 at 14:30 MT time.
Latest news
Pound Sterling is recovering against Dollar
The British pound has increased in value over the course of the past week in line with an ongoing improvement in investor sentiment.
Euro zone suffers loss of economic activity
Economic activity in service sector in the Euro zone and the UK is on its lowest rates since 2009.
USD: easy there
Jerome Powell made a rare appearance in the public media this Thursday. What did he bring to the audience?
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