Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Yen gives up early revenues on slightly poor PPI
On Wednesday, the Japanese yen gave up early revenues in Asia after producer prices turned to be a bit below expectations.
The currency pair USD/JPY hit 110.09, sliding 0.05%, AUD/USD reached 0.8024, leaping 0.05%
Safe-haven demand kept fading notwithstanding North Korea threatening America with the "greatest pain" it has ever faced reacting to fresh sanctions imposed by the UN. The greenback contributed to recent revenues versus both the Japanese yen and Swiss franc.
The overall outlook for the US currency is still bearish because market participants ramped up short bets versus the evergreen buck to a nearly 5-year maximum the previous week, as data from Commodity Futures Trading Commission states.
The British pound grew to its highest value in 2017 versus the greenback, reaching $1.3288 amid inflation data, which topped expectations.
In August, inflation, as gauged by the consumer price index, inched up to 2.9% year on year, jumping from 2.6% last month.
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…