ECB meeting is on the agenda. Will the EUR get weaker?
The loonie awaits the important release
Canada will release the level of CPI on August 21, at 15:30 MT time.
The consumer price index is defined as the change in the prices of goods and services that are usually purchased by a customer. It accounts for the majority of overall inflation. Last time, the indicator declined by 0.2%. Despite that, the release was still better than the forecast of -0.3%. As a result, the Canadian dollar strengthened.
• If the level of CPI is higher than the forecasts, the CAD will rise;
• If the level of CPI is lower than the forecasts, 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.