Trade Balance. China, 05:00 (GMT+2) 08 Aug

08Aug.202304:00

Trade Balance. China, 05:00 (GMT+2)

The data on the Trade Balance in China for July will be released at 05:00 (GMT+2). This indicator captures the difference between the amount of payments for exported and imported goods. The indicator is projected to grow from 70.62B American dollars to 74.80B American dollars, which may support the yuan quotes.

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08 Aug. 2023 02:30

Building Permits. Australia, 03:30 (GMT+2)

At 03:30 (GMT+2) the data on the number of building approvals issued will be published in Australia. The indicator records monthly changes in the number of applications for the construction of real estate approved by the government, and is one of the most important indicators of the sector. The negative dynamics is expected to increase from -9.8% to -18.0%. The implementation of the forecast may act as a driver of the decline in the Australian dollar.

08 Aug. 2023 07:00

Consumer Price Index. Germany, 08:00 (GMT+2)

At 08:00 (GMT+2), the data on German Consumer Price Index for July will be published. It is the main indicator of the inflation rate in the country and determines the change in the level of retail prices for a certain "basket" of goods and services: food, transport, utilities, healthcare and others, having a significant impact on the decisions of the authorities on monetary policy. The consumer price index is expected to remain at 6.2% on an annualized basis, and 0.3% on a monthly basis.

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