The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
Pay attention to the inflation release for Canada
Information is not investment advice
Canada awaits the release of monthly CPI on July 17, at 15:30 MT time.
Consumer prices are important as they represent one of the most significant parts of overall inflation. Central banks pay attention to this release and use it in their assessment of the possible changes to the interest rate. Rising prices drive policymakers to consider higher interest rates. On the other hand, the slowdown of CPI increases the possibility of a rate cut. June's release turned out to be positive for the CAD. Canadian CPI increased by 0.4% (vs. the forecast of 0.1%). It pushed the loonie higher. Let’s see what the release will bring to the CAD traders this time.
• If CPI is higher than expected, the CAD will go up;
• If CPI is lower than expected, the CAD will go down.
Canada will publish the monthly GDP growth on Tuesday, at 15:30 MT time.
The British pound has increased in value over the course of the past week in line with an ongoing improvement in investor sentiment.
The country has come through the worst and is recovering now.
Moody’s downgraded the country to ‘junk’ status on Friday.
The US economy has been hit hard by the coronavirus outbreak.