This week will see a less busy news agenda, with monthly policy commentaries and bid rates due only from the Reserve Bank of New Zealand. There will also be releases of crucial U.S. data towards the end of the week. Volatility this week should be relatively low.
The market will probably be most active on Thursday.
U.S. Dollar
It will be a normal, typical week for the greenback, starting on Tuesday with a release of CB Consumer Confidence data, and continuing later that day with a speech from the Chair of the Federal Reserve about monetary policy. On Wednesday, we will get releases of Core Durable Goods Orders and Crude Oil Inventories numbers. Finally, Thursday will bring the most important data, on Final GDP and Unemployment Claims.
New Zealand Dollar
It will be an important week for the Kiwi, with releases of the Reserve Bank of New Zealand’s Rate Statement and Official Cash Rate due on Wednesday.
British Pound
It will be a light week for the British Pound, with the Governor of the Bank of England scheduled to make minor remarks at a conference on Thursday and Friday. On Friday, we will get Current Account data.
Canadian Dollar
It will be a reasonably important week for the Loonie, with the Governor of the Bank of Canada due to give a speech about the Canadian economy and monetary policy on Wednesday. There will be a release of GDP data on Friday.
Euro
It will be a light week for the Euro, with nothing due except the President of the ECB testifying before the European Parliament on Monday, followed by the President speaking at a minor conference on Friday.
Japanese Yen
It will be a minor week for the Yen, starting on Monday with the Governor of the Bank of Japan addressing a meeting of business leaders. He will also be speaking at a convention on Thursday.