The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
US dollar index sticks to 13-month low
On Monday, the evergreen buck struggled near a 13-month minimum versus a basket of key counterparts because American political turmoil dampened expectations for quick passage of Donald Trump's stimulus as well as tax reform agendas and the common currency extended revenues.
On Friday, the Trump administration, currently dogged by investigations into hypothetical Russian meddling in the American election, took a fresh hit after White House spokesman Sean Spicer shelved himself. That’s a hint at a sort of upheaval in the president's inner circle.
The US dollar index tracking the evergreen buck versus six major rivals, was nearly intact keeping to 93.887, having touched 93.823, its lowest outcome since June 2016.
On Friday, the benchmark 10-year American Treasury note yield reached a three-week minimum because a retreat on Wall Street drove safe-haven demand for debt.
The common currency stood still at $1.1668 having soared to a 23-month peak of $1.1684.
The evergreen buck slumped 0.15% reaching 110.970 yen, with the yen at its strongest value in five weeks.
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.