This week is likely to see less market activity than last week, with important central bank input due concerning only the Canadian and New Zealand Dollars. The U.S. / China trade dispute is likely to continue to dominate the market’s focus.
The market is likely to be most active on Wednesday and Thursday.
Monday will be a public holiday in the U.S. and the U.K. while Thursday will be a public holiday in Switzerland, France, and Germany.
It will be a meaningful but also very quiet week for the Dollar, with the only item of the week due on Thursday with a release of Preliminary GDP data.
It will be an important week for the Loonie, starting on Wednesday with releases of the Bank of Canada’s Rate Statement and Overnight Rate. On Thursday there will be a speech of medium importance from the Senior Deputy Governor of the Bank of Canada. Finally, on Friday we will get a release of Canadian GDP data.
New Zealand Dollar
It will be an important week for the Kiwi, starting on Tuesday with a release of the RBNZ’s Financial Stability Report and the associated press conference, followed by ANZ Business Confidence data and testimony by the Governor before Parliament. On Thursday, the government will be releasing its annual budget.
It will be a quiet week for the Yuan, with the only item of the week due on Friday when we will get Manufacturing PMI data.
It will be a quiet week for the Aussie, with nothing due except Building Approvals and Private Capital Expenditure data releases on Thursday.