In This Article:
On the Macro
For the Dollar:
It’s a busy week ahead. Through the first half of the week, key stats due out of the U.S include NY Empire State manufacturing, industrial production and trade data.
In the latter part of the week, key stats include retail sales and private sector PMI numbers, due out on Thursday.
Building permits and housing starts due out on Friday will have less of an impact, with Thursday’s stats likely to have the greatest influence.
The Dollar Spot Index ended the week down 0.43% to $96.972.
For the EUR:
Economic data includes economic sentiment figures out of Germany and the Eurozone on Tuesday, which are released ahead of the Eurozone’s finalized inflation figures and trade data due out on Wednesday.
In a shortened week, Thursday’s prelim April private-sector PMI numbers will be the key driver. The focus will be on Germany’s manufacturing and the Eurozone composite.
The EUR/USD ended the week up 0.74% to $1.1299.
For the Pound:
It’s a busier week than normal. Employment figures on Tuesday, inflation figures on Wednesday and retail sales figures on Thursday will have a material impact on the Pound.
With Brexit now extended through to 31st March, the BoE’s hands are likely tied for a little while longer. That should leave the Pound somewhat less sensitive to the inflation numbers this week.
The GBP/USD ended the week up 0.28% at $1.3074.
For the Loonie:
Key stats include trade and inflation figures due out on Wednesday and retail sales figures due out on Thursday.
Ahead of the stats, the BoC will also release its Business Outlook Survey on Monday. Of less influence will be foreign securities purchases and manufacturing sales figures due out on Tuesday.
Outside of the numbers, market risk sentiment and impact on crude oil prices will continue to be a factor.
The Loonie ended the week up 0.46% to C$1.3323 against the U.S Dollar.
Out of Asia
For the Aussie Dollar:
It’s a relatively quiet week ahead. Key stats are limited to March employment figures and business confidence figures due out on Thursday.
Outside of the numbers, the RBA will release its monetary policy meeting minutes, which will need to be considered. Expectations are for the RBA to cut rates later in the year, the markets will be looking for clues…
Stats out of China will also need to be factored in, with GDP and industrial production figures due out on Wednesday.
The Aussie Dollar ended the week up 0.96% to $0.7173.
For the Japanese Yen:
It’s a relatively busy week ahead. March trade figures and February industrial production figures are due out on Wednesday. On Thursday, prelim manufacturing PMI numbers are due out ahead of inflation figures on Friday. We can expect the trade figures to be of greatest influence mid-week.