Canada will release the employment change and the unemployment rate on October 9, 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 market sentiment deteriorated because of the election uncertainty and worries about rising virus cases all over the world. Let's make some analysis!
The focus of traders’ attention shifted from Brexit and the US stimulus to the coronavirus . The WHO claimed that Europe become the new Covid-19 epicenter.
Canada will publish the monthly GDP growth on October 30 at 14:30 MT time.