Keep an eye on US inflation data
The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Will the Australian Monetary Policy Meeting minutes support the AUD?
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
Instruments to trade: AUD/USD, AUD/NZD, AUD/CHF, EUR/AUD
Until recently, Australia’s economic overview in the context of the world pandemic has been pretty strong. The AUD showed bullish tones across the board, the country was the first one to pick up in line with China while others were still shredding off the dust of fiercest battles against the virus. Lately, however, Australia had to reintroduce lockdowns in some of its key areas as the virus broke in again. The meeting minutes we are to receive on Tuesday refers to the last interest rate decision – the interest rate was kept at 0.25%. However, given the recent developments, we may receive some additional information on how Australian authorities are planning to steer the country’s economy and the AUD through the second phase of the virus hit.
- If the RBA’s tone is hawkish, the AUD will rise.
- If the RBA’s tone is dovish, the AUD will fall.
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Will the US economy help the greenback?
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
USD is waiting for the jobless claims!
The US unemployment claims are announced on Thursday at 15:30 MT time.
Latest news
CAD is in focus
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
Start the week with fresh analytics!
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
Uncertainty underpinned USD
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.
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