This week is likely to be active, as although there is less important data scheduled compared to last week, we will get the U.S. Dollar-related Non-Farm Payrolls data at the end of the week. There will also be a decision by the Reserve Bank of Australia on its interest rate.
The market is likely to be most active on Friday.
U.S. Dollar
It will be an important and busy week for the U.S. Dollar, starting on Monday with releases of ISM Manufacturing and ISM Employment data. On Tuesday, the Chair of the Federal Reserve will be speaking at a minor conference. On Wednesday we will get ISM Services numbers. Finally, on Friday we will get the crucial Non-Farm Payrolls and Unemployment data.
Canadian Dollar
It will be an important week for the Loonie, starting on Monday with the release of Manufacturing PMI data. On Friday, we will get Unemployment numbers.
Australian Dollar
It will be a reasonably important but quiet week for the Aussie, with nothing due except the RBA’s Cash Rate on Tuesday.
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