This week can be expected to be relatively quiet, with the most significant focus falling only on the Euro on Monday, followed by Australia and New Zealand mid-week.
Euro
This week’s agenda is light for the Euro, although there will be an important Eurogroup meeting on Monday. Greece will be presenting reform proposals and the reaction of the Commission could have a big impact as to whether the Euro will begin to stabilize, or continue to plummet. Additionally, the President of the European Central Bank will be speaking at a minor conference on Wednesday.
Australian Dollar
There will be key economic data releases concerning the Australian dollar this week. On Tuesday the results of the monthly NAB Business Confidence Survey will be released, indicating sentiment regarding business conditions within the corporate sector. Harder information will be released on Thursday, when Employment Change and Unemployment Rate data are published.
New Zealand Dollar
Late on Wednesday the Reserve Bank of New Zealand will be determining New Zealand’s Official Cash Rate and releasing their monthly Policy Assessment. The Bank will give a Press Conference as usual. A few hours later, the Governor of the Bank will be testifying before the New Zealand Parliament’s finance committee.
U.S. Dollar
All should be quiet on this front until Thursday when Retail Sales and Unemployment Claims data will be released, followed by PPI and Preliminary UoM Consumer Sentiment data on Friday. None of these are likely to be of major importance unless the numbers are significantly better or wildly worse than expected, as the USD will probably remain on a high this week following last Friday’s very positive NFP and Unemployment Rate numbers.
Canadian Dollar
Like the U.S. Dollar, nothing is expected until the end of the week. Friday will see the release of Employment Change and Unemployment Rate data.
British Pound
It should be a quiet week for the British Pound. Although the Governor of the Bank of England will be giving a minor speech and testimony to a minor Parliamentary Committee, the major event is expected on Wednesday with the release of Manufacturing Production data. In the sale of major events, this does not rank very highly.