Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Yen edges up as political woes for Trump hit greenback
On Friday, the Japanese yen kept rising in Asia, with the greenback on the back-foot over a widening sag in faith that Donald Trump is capable of carrying through a set of aggressive economic policies.
The currency pair USD/JPY showed an outcome of 109.42, dipping 0.15%, AUD/USD hit 0.7895, gaining 0.11% following China’s housing figures.
In China, house prices for July demonstrated a 9.7% ascend, versus a 10.2% revenue reported in June.
The US dollar index that estimates the greenback’s value versus a trade-weighted basket of six main currencies went down 0.09% being worth 93.56.
Overnight, the evergreen buck soared versus a basket of crucial currencies because the White House spread rumors that National Economic Council Chairman Gary Cohn was braced for resigning, while positive jobs and manufacturing data raised market sentiment.
The evergreen buck resumed its growth, having pared earlier revenues because a White House official told that Cohn’s solely focused on his responsibilities as NEC Director, accordingly any reports to the contrary appear to be absolutely false.
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.
The US NFP will be published on August 7 at 15:30 MT time.
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.
Follow the BOE monetary policy and rate statements on August 6 at 14:00 MT time…