In This Article:
On the Macro
For the Dollar:
It’s a relatively busy week ahead. Key stats due out of the U.S include factory orders on Monday, inflation figures on Wednesday and April consumer sentiment figures due out on Friday.
Wholesale inflation figures due out on Thursday, along with the weekly jobless claims figures, will also influence.
Outside of the stats, the FOMC meeting minutes on Wednesday will have also have an impact.
The Dollar Spot Index ended the week up 0.11% to $97.395
For the EUR:
Economic data includes trade data out of Germany on Monday, and Eurozone industrial production figures due out on Friday. Through the week, finalized March inflation figures out of Spain, France and Germany will unlikely have a material impact.
Outside of the numbers, the ECB monetary policy decision and all-important press conference will be the main event on Wednesday.
The EUR/USD ended the week down 0.02% to $1.1216.
For the Pound:
After a quiet start to the week, economic data due out on Thursday will have an impact on the Pound. Key stats include GDP, industrial production and trade figures. Whilst we can expect the Pound to respond, Brexit will remain the key driver through the week.
The GBP/USD ended the week up 0.02% at $1.3038.
For the Loonie:
It’s a relatively quiet week ahead. Housing sector figures due out on Monday and Thursday will unlikely have a material impact on the Loonie.
OPEC and the IEA will release their monthly reports in the week, which will have a greater influence, as will any further progress on trade talks between the U.S and China.
The Loonie ended the week down 0.26 % to C$1.3384 against the U.S Dollar.
Out of Asia
For the Aussie Dollar:
It’s a relatively quiet week ahead. Key stats are limited to home loan figures due out on Tuesday and consumer sentiment figures due out on Wednesday.
We expect consumer sentiment figures to have the greatest influence.
Outside of the numbers, the RBA will release its Financial Stability Review on Friday, which will need to be considered. While there are unlikely to be too many surprises, any downward revisions to growth forecasts would weigh on the Aussie Dollar.
Stats out of China will also need to be factored in, with inflation and trade data due out on Thursday and Friday.
The Aussie Dollar ended the week up 0.13% to $0.7105.
For the Japanese Yen:
It’s a particularly quiet week ahead. February current account figures due out on Monday are the only key stats for the week.
Outside of the numbers, BoJ Governor Kuroda is scheduled to speak on Wednesday. Any talk of further easing could hit the Yen.