SMM7 22: today focus on European Commission Vice President Brovsky (Dombrovskis) proposed targeted financial regulatory amendments in Brussels to promote economic recovery after the new crown epidemic; European Central Bank President Christine Lagarde delivered a speech.
In terms of data, the monthly rate of the US FHFA house price index in May, the US housing market is currently a major drag on the US economic recovery, if house prices rise, it is good news for the housing market. Foreign exchange investors judge the trend of the exchange rate accordingly.
The total annualized sales of existing homes in the United States in June was a leading indicator of the health of the economy, as home sales triggered a wide range of effects. For example, new homeowners decorate, financial banks sell mortgage certificates, and intermediary fees
The change in EIA crude oil inventory in the United States in the week ended July 17 is a US indicator. The increase or decrease in inventory will affect the price of crude oil, which in turn will have an impact on the Canadian dollar, as Canadian crude oil exports account for a large proportion of the economy. The impact is greater than the weekly change in crude oil inventories of the American Petroleum Institute (API).
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