Trader’s calendar on June 26-27: Political occasions to form USD greater than macroeconomic experiences

Today, the US dollar has dropped below 105.5 points. During the previous trading session, it lost 0.3%. A week ago, the US dollar tested almost a 2-month high. That is why its retreat could hardly be explained by only macroeconomic data. There is no doubt that the Federal Reserve will be cautious about the key rate cut.
Such an approach is in contrast with the ones chosen by other global central banks that have already started lowering their key rates or intend to do this in the near future. Nevertheless, the greenback has dropped against most major currencies this week. If the Bank of Japan intervenes in the market once again, the US dollar will drop even against the Japanese yen.
This week, macroeconomic reports will be overshadowed by political events. On Thursday, Joe Biden and Donald Trump will face off in the first presidential debate. On Sunday, France will vote in the first round of a snap parliamentary election called by President Emmanuel Macron.
Now, let us find out what reports will attract traders’ attention on Tuesday and Wednesday.
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00:00 INTRO
01:32 CONSUMER PRICE INDEX
02:13 GFK CONSUMER CLIMATE
02:43 RETAIL SALES
03:34 DURABLE GOODS ORDERS
04:09 GDP GROWTH RATE