Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:00 U.S. Jackson Hole Symposium
The U.S. dollar traded mixed to lower against the most major currencies ahead of speech by Federal Reserve Chair Janet Yellen in Jackson Hole later in the day. Market participants are awaiting that speech by Federal Reserve Chair Janet Yellen may reveal Fed's next monetary policy moves.
The greenback strengthened this week due to strong economic data from the U.S. and Wednesday's FOMC's minutes. Investors speculate that the Fed may hike its interest rate sooner than expected.
The New Zealand dollar traded higher against the U.S dollar in the absence of any major reports in New Zealand.
The Australian dollar rose against the U.S. dollar in the absence of any major reports in Australia.
The Japanese yen traded mixed against the U.S. dollar in the absence of any major reports in Japan.
EUR/USD: the currency pair rose to $1.3291
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair traded mixed
The most important news that are expected (GMT0):
12:30 Canada Retail Sales, m/m June +0.7% +0.6%
12:30 Canada Retail Sales ex Autos, m/m June +0.1% +0.6%
12:30 Canada Consumer Price Index m / m July +0.1% -0.1%
12:30 Canada Consumer price index, y/y July +2.4%
12:30 Canada Bank of Canada Consumer Price Index Core, m/m July -0.1% 0.0%
12:30 Canada Bank of Canada Consumer Price Index Core, y/y July +1.8%
14:00 U.S. Fed Chairman Janet Yellen Speaks
18:30 Eurozone ECB President Mario Draghi Speaks