Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Will the Canadian dollar strengthen?
Information is not investment advice
Canada will release its GDP growth rate at 15:30 MT time on November 29. The indicator represents the change in the inflation-adjusted value of all goods and services produced by the economy. It shows the economic health of a country. If it increases, the central bank considers raising the interest rate. As a result, the Canadian dollar gets stronger. During the previous release, the indicator came out lower than the forecasts. It advanced only by 0.1% (vs. the forecast of +0.2%). Let’s see what to expect this time.
• If the indicator is greater than the expectations, the CAD will go up.
• If the indicator is weaker than the expectations, the CAD will go down.
The US unemployment claims are announced on Thursday at 15:30 MT time.
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
China’s Manufacturing PMI will be out on Wednesday at 04:00 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!