Out of Asia
For the Aussie Dollar:
Consumer and wholesale inflation figures are due out in the week.
While wholesale inflation will influence, expect consumer inflation figures to be key.
Away from the economic calendar, any new COVID-19 containment measures would further test Aussie Dollar support.
The Aussie Dollar ended the week down by 0.47% to $0.7366.
For the Kiwi Dollar:
It’s a quiet week ahead. Early in the week, stats are limited trade data. Late in the week, consumer confidence numbers will also be in focus.
While positive numbers will provide the Kiwi with support, market risk sentiment will influence.
Any further signs of a slowdown to the global economic recovery and expect the Kiwi Dollar to come under pressure.
The Kiwi Dollar ended the week down by 0.36% to $0.6974.
For the Japanese Yen:
Early in the week, private sector PMIs for July will be in focus.
Both sets of numbers will draw plenty of attention ahead of a busy 2nd half of the week.
At the end of the week, retail sales and prelim industrial production figures will have a greater impact on the markets.
The Japanese Yen fell by 0.44% to ¥110.550 against the U.S Dollar.
Out of China
It’s a particularly quiet week ahead, with no major stats to provide the markets with direction.
A lack of stats will leave chatter from Beijing in focus through the week.
At the end of the week, NBS private sector PMIs from China will come into view. The numbers are due out next weekend.
The Chinese Yuan ended the week down by 0.03% to CNY6.4813 against the U.S Dollar.
Russia and China continue to be the main areas of interest for the markets. Following the withdrawal of troops from Afghanistan, news updates from the Middle East will also need continued monitoring…
Among the big names from the U.S include Apple Inc. (Tues), Microsoft Corp. (Tues), and Amazon.com Inc. (Thurs).