The US dollar finished the previous week on a high note despite the US non farm payrolls (NFP) missing expectations. The US dollar is only lower against the JPY as other major pairs have fallen as risk aversion following the geopolitical events around the globe. The US airstrike against Syria in particular caused a wave of USD selling but as the day went on the currency recovered. Members of the G7 will meet in Italy on Monday for a two-day scheduled meeting that has risen in importance given current events.
(All times are GMT)
On Monday, at 8:10pm Federal Reserve Chair Yellen speaks at the University of Michigan. Audience questions expected.
On Tuesday, at 8:30am we will get information about Consumer Price Index (CPI) from UK Office for National Statistics.
On Wednesday, at 8:30am UK Office for National Statistics will announce data from labor market – Average Earnings Index.
At 2:00pm Bank of Canada will release Overnight Rate, Rate Statement and Monetary Policy Report. Changes of Overnight Rate are expected, so it may cause a big volatility.
At 2:30pm Crude Oil Inventories will be provided by US Energy Information Administration.
At 3:15pm Bank of Canada Governor and Senior Deputy Governor hold a press-conference.
On Thursday, at 12:30am statistics from Australian labor market – Employment Change and Unemployment Rate will be provided by Australian Bureau of Statistics.
At 12:30pm monthly Manufacturing Sales will be provided by Statistics Canada.
At 12:30pm Producer Price Index (PPI) will be released by Bureau of Labor Statistics.
The same time, at 12:30pm US Department of Labor will announce number of Unemployment Claims – the number of individuals who filed for unemployment insurance for the first time during the past week.
At 2:00pm University of Michigan (UoM) will inform us about results of Prelim UoM Consumer Sentiment based on survey of about 500 consumers.
On Friday, at 1:30pm we are waiting information from US Bureau of Labor Statistics about monthly CPI and Core CPI.
At 1:30pm monthly Retail Sales and Core Retail Sales will be published by US Census Bureau.
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