There are few high-impact news items scheduled this week, with a much sparser agenda than last week. However, a delayed reaction to last week’s rate hike by the FOMC may produce some volatility in the U.S. Dollar, although volatility should be expected to be relatively low over the coming week.
The market will probably be most active on Tuesday.
It will be a very slow week for the greenback, with nothing due except Crude Oil Inventories on Wednesday and Unemployment Claims Thursday.
It will be an important week for the Aussie, with the Governor of the Reserve Bank of Australia speaking in a panel discussion on Monday, followed by the release of Monetary Policy Meeting Minutes on Tuesday.
New Zealand Dollar
It will be an important week for the Kiwi, with the release of the Reserve Bank of New Zealand’s Rate Statement and Official Cash Rate on Wednesday.
It will be an interesting week for the Pound, with the Governor of the Bank of England speaking about the British economy on Tuesday, during which he may touch on monetary policy.
Not much from the Loonie this week, with Core Retail Sales data due on Thursday and CPI data on Friday.
It will be a quiet week for the Swissie, with the Swiss National Bank’s Chair participating in a panel discussion on Tuesday.