Here is what you need to know on Monday, September 2: Major currency pairs fluctuate in narrow channels at the beginning of the week.
The European economic docket will feature revisions to August HCOB Manufacturing PMI data for the EurozoneandGermany, alongside the S&P Global/CIPS Manufacturing PMI for the UK. Financial markets in the US and Canada will remain closed in observance of the Labor Day holiday. US Dollar PRICE Last 7 days The table below shows the percentage change of US Dollar against listed major currencies last 7 days. US Dollar was the strongest against the Japanese Yen.
After rising more than 1% in the previous week, USD/JPY stays relatively quiet early Monday and fluctuates in a narrow band slightly below 146.50. Gold failed to make a decisive move in either direction and closed virtually unchanged last week. XAU/USD stays under modest bearish pressure to start the week and trades below $2,500. Inflation FAQs What is inflation? Inflation measures the rise in the price of a representative basket of goods and services.
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