This week can be expected to be of a similar level of significance to the previous week, with Central Bank inputs due concerning only the British Pound and New Zealand Dollar. There is a fair amount of data due regarding the U.S. Dollar although this will be concentrated on Friday. However there is nothing else concerning any other currencies with the exception of the British Pound, New Zealand Dollar and Chinese Yuan.
It looks as if the major activity and volatility are going to be centered on Thursday and Friday.
U.S. Dollar
It should be a fairly average but not inconsiderable week for the Greenback, with the highlight coming on Friday’s releases of Retail Sales, PPI and Preliminary UoM Consumer Sentiment data. Earlier, on Wednesday, we will get Crude Oil Inventories data. Thursday will see the release of Unemployment Claims numbers.
British Pound
It will be a very important week for the British Pound. Wednesday will see the release of Manufacturing Production data, followed on Thursday by the Bank of England’s Inflation Report, the MPC Official Bank Rate Votes, Monetary Policy Summary and Official Bank Rate.
New Zealand Dollar
It will be an important week for the Kiwi, starting on Wednesday with the release of the Reserve Bank of New Zealand’s Financial Stability Report and accompanying speech by the Governor. Friday will see the release of Retail Sales data.
Chinese Yuan
It will be a light week for the Chinese Yuan, with nothing due except Industrial Production data due on Saturday.