There will be less significant high-impact news scheduled this week, compared to last week which included some crucial releases. There is central bank input expected from the Bank of Canada, as well as a slew of key U.S. data at the end of the week.
The market will probably be most active on Wednesday and Friday.
It will be a public holiday in most of the Western world on Friday, except in the United States.
U.S. Dollar
It will be a busy week for the greenback, beginning on Monday with a minor speech from the Chair of the Federal Reserve, and continuing Wednesday with a release of Crude Oil Inventories numbers. Thursday sees the release of Unemployment Claims, PPI data and the Preliminary UoM Consumer Sentiment. Finally, on Friday we will get CPI and Retail Sales data.
Canadian Dollar
It will be an important week for the Loonie, starting on Wednesday with the Bank of Canada’s Monetary Policy Report, Rate Statement, and Overnight Rate, followed by the usual press conference. On Thursday, we will get Manufacturing Sales numbers. It will be a public holiday in Canada on Friday.
Chinese Yuan
There will be a release of Trade Balance data on Thursday.
British Pound
It will be a relatively light week for the Pound, starting on Tuesday with a release of CPI data. Wednesday sees the release of Average Earnings Index numbers. It will be a public holiday in the U.K. on Friday.
Australian Dollar
It will be a relatively light week for the Aussie, with nothing due except Employment Change and Unemployment Rate data on Thursday. It will be a public holiday in Australia on Friday.