The Bank of England (BoE) will share its Official Bank Rate and make a statement on monetary policy on August 4, 14:00 GMT+3.
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.
The Reserve Bank of Australia (RBA) will release its interest rates and make a statement on August 2, 7:30 GMT+3.
The Federal Open Market Committee (FOMC) will update the Federal Funds Rate and make a statement about future monetary policy on July 27 at 21:00 MT.
A new week means new trading opportunities! Here are some events that can fluctuate the market actively…
The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.