Will Fed Chair Powell Move the USD?
The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.
Yen declines after NKorea missile test
On Wednesday, the Japanese yen traded modernly weaker in Asia, as a medium-range ballistic missile test by North Korea ahead of an upcoming summit between American President Donald Trump as well as Chinese President Xi Jinping rattled nerves. Additionally, financial markets looked ahead to American jobs data to set the overall tone.
The currency pair USD/JPY hit 110.78, adding 0.03%, AUD/USD reached 0.7571, inching up 0.08%.
The US dollar index, measuring the US dollar’s strength against a basket of six crucial rivals, slid 0.04%, getting to 100.38.
Overnight, the greenback traded higher against a basket of key currencies, following the publication of positive American trade data, while traders shifted focus to the Trump-Xi gathering.
In America, on Tuesday, the Commerce Department told that the trade deficit tumbled by 9.6% to $43.6 billion. As for January's trade deficit, it was revised from $48.5 billion down to $48.2 billion.
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What Can Happen to the CAD after the Retail Data?
Canada will publish Retail Sales and Core Retail Sales on June 21 at 15:30 GMT+3.
How Will US PPI Affect USD?
The US PPI will come out on Tuesday, June 14, at 15:30 MT time (GMT+3).
Latest news
ISM PMI Indicates Contraction
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.
US PCE May Soar Soon
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
Bank of England Tries to Save the Pound
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
