The US unemployment claims are announced on Thursday at 15:30 MT time.
Inflation figures may boost the USD
The US will release the level of CPI and core CPI on July 11, at 15:30 MT time.
CPI stands for Consumer Price Index. It's one of the main measures of US inflation. There's a direct link between the US inflation and the price of the USD. The higher the inflation, the higher the USD in the short-term. The last time, American CPI came out in line with the forecasts. However, the core CPI reached a lower-than-expected level (0.1% vs. the forecast of 0.2%). The releases resulted in the mixed trading of the USD.
• If the data is greater than the forecast, the USD will rise.
• If the data is weaker than the forecast, the USD will go down.
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
The US CPI and core CPI are due at 15:30 MT time on May 12.
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
The Federal Open Market Committee will make its statement and announce the interest rate on July 29, at 21:00 MT time.