Week Ahead – Flash PMIs, US GDP and BoC decision on tap

Week Ahead – Flash PMIs, US GDP and BoC decision on tap

From xm.com

video With investors ramping up their Fed rate cut bets, the US dollar suffered during the first half of the week, although it recovered some ground on Thursday. Following the softer-than-expected CPI data last week, several Fed officials, including Chair Powell, noted the data are bolstering their confidence that price pressures are on a sustainable path to remain low. Powell also said that they will not wait until inflation hits 2% to cut interest rates. Coming on top of the employment report for June, which revealed further softness in the labor market, the aforementioned developments prompted market ... (full story)

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French and German PMIs decides the EUR rate for the whole next week.

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