This week is likely to see relatively low market activity, with central bank input due from the U.S. Federal Reserve and the Bank of England, as well a few items of crucial economic data for these currencies plus the Canadian Dollar.
The market is likely to be most active on Thursday and Friday.
U.S. Dollar
It will be an important week for the Dollar, starting with the release of CB Consumer Confidence data and the testimony of the Chair of the Federal Reserve before the Senate on Monetary Policy on Tuesday. The Chair will then be making testimony before the House on Wednesday. Thursday will bring the release of Advance GDP data. Finally, Friday will see a minor speech from the Chair of the Federal Reserve, and the release of ISM Manufacturing PMI data.
British Pound
It will be a quiet but important week for the British Pound, starting with a press conference with the Governor of the Bank of England on Monday. Tuesday will see Inflation Report Hearings.
Australian Dollar
It will be an important and active week for the Aussie, starting on Tuesday with a release of the RBA’s Monetary Policy Meeting Minutes. On Wednesday we will get a release of Wage Price Index data. Thursday brings Employment Change and Unemployment Rate numbers. On Friday, the Governor of the RBA will be testifying before Parliament.
Canadian Dollar
It will be an important week for the Loonie, starting on Wednesday with a release of CPI (inflation) data. On Friday we will get a release of GDP numbers.
Australian Dollar
It will be a quiet week for the Aussie, with nothing due except a release of Private Capital Expenditure data on Thursday.
New Zealand Dollar
It will be a relatively quiet week for the Kiwi, starting on Monday with a release of Retail Sales data. On Thursday we will get a release of ANZ Business Confidence numbers.