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Today's financial data outlook: pay attention to the minutes of the RBA monetary policy meeting in July and the API crude oil inventory data of the United States in the early morning of the next morning.
Jul 21,2020 00:39CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 21: today, following the announcement of the minutes of the RBA monetary policy meeting in July, RBA Chairman John Lowe made a brief speech on "the recent situation in Australia and the global economy".

On the data side, Japan's annual CPI rate in June, which usually affects financial markets, and its timeliness and inflation implications are also widely tracked by the market. Core CPI continued to rise moderately, indicating the slow pace of economic recovery to curb inflation. The weak performance of Japan's core CPI has raised fears that the Japanese economy is slipping back into a deflationary spiral, with the dollar / yen likely to rise.

Canada's monthly retail sales rate in May, retail data play an important role in judging a country's economic status and prospects, because retail sales directly reflect changes in consumer spending. In western developed countries, consumer spending usually accounts for more than half of the national economy, such as the United States, the United Kingdom and other countries, this proportion can account for 2/3. The increase in retail sales in a country represents an increase in consumer spending, economic conditions improve, interest rates may be raised, which is good for the currency; on the contrary, if retail sales decline, it means that the economy is slowing down or bad, and interest rates may be lowered. It is negative for the country's currency.

API crude oil inventories in the United States changed (10,000 barrels) in the week ended July 17, and the number of stocks affected the price of oil products that could have an impact on inflation and other economic impacts. The prices of crude oil and oil products will have an important impact on the economy of the United States, a major consumer of the product, and on the Canadian dollar, a major exporter of crude oil.

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