US Dollar up vs Euro, Yen, Franc last week, down vs Pound, Aussie, Kiwi & Loonie – Week Ahead features NZD rate decision, US retail sales
The US dollar was mixed last week against the other major currencies in forex trading as the American currency was higher for the week against the euro, Swiss franc and the Japanese yen while losing ground against Canadian dollar, Australian dollar, British pound sterling and the New Zealand dollar.
This week’s economic calendar is much lighter than last week with only a few major economic releases due out. Early in the week, there is important data out of China on new yuan loans and consumer prices for August. In the middle of the week, there is an interest rate decision from the Reserve Bank of New Zealand with market expectations looking for the bank to hold its interest rate at 2.50 percent. Later in the week, we have employment data out of Australia for August, the European Central Bank publishes its monthly report and finally, on Friday, retail sales data for the United States as well as the University of Michigan confidence survey are released.
Please See the week’s highlighted economic events below:
This Week’s Economic Highlights:
Sunday, September 8
China — trade balance
Japan — GDP report
Japan — trade balance
Japan — bank lending
Monday, September 9
China — loan data
China — consumer price index
China — producer price index
Australia — home loans
Switzerland — employment data
Japan — consumer confidence
Switzerland — retail sales
Canada — building permits
euro zone — investor confidence
United States — consumer credit
Tuesday, September 10
Australia — NAB business confidence
China — industrial production
China — retail sales
euro zone — Italy GBP report
Canada — housing starts
Wednesday, September 11
Australia — Westpac consumer confidence
euro zone — Germany CPI
United Kingdom — jobless claims
New Zealand — interest rate decision
Japan — foreign bonds/stocks buying
Japan — machine orders
Thursday, September 12
Australia — employment data
euro zone — European central bank monthly report
euro zone — industrial production
Canada — new housing Price Index
United States — weekly jobless claims
United States — monthly budget
New Zealand — manufacturing performance
Friday, September 13
Japan — industrial production
New Zealand — ANZ consumer confidence
United States — producer price index
United States — retail sales
United States — U. Michigan consumer confidence
United States — business inventories
Article by CountingPips.com
