Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Wait for the inflation data for the US
The USA will release the levels of CPI and core CPI on August 13, at 15:30 MT time.
Consumer prices represent the change in the price of goods and services purchased by consumers. They are an important part of overall inflation. Central banks rely on this data while making decisions concerning their interest rates. Last time, the headline CPI advanced by 0.1%. The core CPI, which excludes the prices for food and energy, rose by 0.3%.
• If the actual figures are higher than the forecasts, the USD will rise;
• If the actual figures are lower than the forecasts, the USD will fall.
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
The US unemployment claims are announced on Thursday at 15:30 MT time.
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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