This week is likely to be very active, as there is plenty of important data scheduled concerning the U.S. Dollar as well as some other currencies. The week will probably be dominated by central bank input concerning the U.S. Federal Reserve’s projections and rates, as well as input from the Reserve Bank of New Zealand, plus some important Canadian economic data and U.S. GDP numbers.
The market is likely to be most active on Thursday.
It will be a public holiday in Japan and China on Monday.
U.S. Dollar
It will be a busy and very important week for the U.S. Dollar, starting on Tuesday with a release of CB Consumer Confidence data. On Wednesday we will get the FOMC Statement and Federal Funds Rate, plus its economic projections, following Crude Oil Inventories data. Thursday will bring Core Durable Goods Orders and Final GDP, plus a minor speech from the Chair of the Federal Reserve.
New Zealand Dollar
It will be an important week for the Kiwi, starting on Wednesday with a release of ANZ Business Confidence data. Thursday will bring the Reserve Bank of New Zealand’s Official Cash Rate, Monetary Policy Statement and Rate Statement, followed by the usual press conference.
Japanese Yen
It will be an important week for the Yen after Monday’s public holiday, with everything happening on Wednesday with the Bank of Japan’s Monetary Policy Statement and Press Conference.
Canadian Dollar
It will be a reasonably important but quiet week for the Loonie, with GDP data due on Friday, as well as a minor speech from the Governor of the Bank of Canada.
British Pound
It will be a reasonably important but quiet week for the Pound, with Current Account data due on Friday.
Euro
It will be a relatively quiet week for the Euro, with action starting on Monday when the President of the European Central Bank will testify about monetary and economic policy before the European Parliament. He will also make a minor speech on Thursday.
