SECTION 988
Section 988 concerns capital losses and gains on an investment held in a foreign currency in a financial transaction. According to this section, foreign currency transaction gains are considered as ordinary income regardless if it was earned by an individual or a company. A transaction under Section 988 is associated with the IRS Section 988 that was applied to the succeeding tax years following December 31, 1986.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:30 | PMI Manufacturing | Jul | |
| 03:45 | Markit Final Manufacturing PMI | Jul | |
| 08:00 | Retail Sales | Jun | |
| 08:30 | CPI | Jul | |
| 09:15 | PMI Manufacturing | Jul | |
| 09:30 | Procure PMI Index | Jul | |
| 09:45 | PMI Manufacturing | Jul | |
| 09:50 | PMI Manufacturing | Jul | |
| 09:55 | PMI Manufacturing | Jul |
