This week should be more newsworthy than last week, with key Central Bank events due concerning the USD, the JPY and the AUD. The most important element will be the FOMC Meeting Minutes release on Wednesday as the market will probably see these comments written after the key economic data release from the day before as key indicators as to whether a rate hike is really going to happen next month.
U.S. Dollar
It will be an important week for the Greenback and the highlight will come with Wednesday’s FOMC Meeting Minutes after Building Permits numbers are released earlier that day. The week begins on Tuesday with the release of CPI data. Finally on Thursday there will be Unemployment Claims and Philly Fed Manufacturing Index numbers.
Japanese Yen
It will be an important week for the Yen and the highlight will come with Thursday’s Monetary Policy Statement and Press Conference at the Bank of Japan. There will be additional Japanese economic data on Monday with the release of Preliminary GDP quarterly numbers.
Australian Dollar
It should be a meaningful week ahead for the Aussie with a release of the RBA’s Monetary Policy Meeting Minutes due on Tuesday.
Canadian Dollar
The important day for the Loonie this week arrives on Friday, when Core CPI and Core Retail Sales data will be released. Earlier, on Monday, there will be a release of Manufacturing Sales data.
New Zealand Dollar
There are a few important items due this week concerning the Kiwi. On Sunday we will receive Retail Sales numbers. Tuesday will see the release of Inflation Expectations, followed later that day by the GDT Price Index.
Euro
There are a few items scheduled this week concerning the Euro, beginning with remarks from the President of the ECB at a conference on Monday, which is highly unlikely to have any material impact upon the Forex market. However Tuesday will see the release of German ZEW Economic Sentiment data. Finally on Friday the President of the ECB will again be speaking at a conference.
British Pound
This week will be a very light week for the Pound with nothing scheduled except Tuesday’s CPI data release.