The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Yen holds profits in Asia on safe-haven demand
On Monday, the Japanese yen held profits in Asia on safe-haven demand. Japan’s currency was also influenced by mixed data on industrial output as well as producer prices because markets were cautious on efforts by Prime Minister Theresa May just to secure support for a coalition government and waited for major bank gatherings this week.
The currency pair USD/JPY went down 0.06%, trading at 110.27 notwithstanding weaker than expected machinery orders. Meanwhile, Japan posted that core machinery orders for April slumped 3.1% month-on-month, which is below the 0.5% revenues observed.
The US dollar index, gauging the American currency’s value versus a trade-weighted basket of six crucial currencies, went down 0.08%, being worth 97.16.
The currency pair AUD/USD hit 0.7523, sliding 0.09%, while GBP/USD demonstrated 1.2753, going up 0.05%. In Australia financial markets didn’t function on Monday.
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.