Week Ahead: US CPI, China's Q2 GDP, and Bank of Canada Meeting Featured
From marctomarket.com
The US dollar was mixed last week. The combination of strong data and the central bank's hawkish hike lifted the New Zealand dollar to the top of the G10 currencies. The roughly 4.5% rally in Brent oil, the first weekly gain in five weeks, seemed to help the Norwegian krone came in a close second. The low yielding Swiss franc and Japanese yen fell last week. The dollar rose against the Swiss franc for the fifth week in the past six. The yen's loss was pared ahead of the weekend after Japan's finance minister urged the nation's pension funds to boost domestic allocation. The impact was short-lived and the dollar ...
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