Market Outlook for the Week of August 15-19

There are no important events scheduled for Monday that could significantly influence the FX market, but Tuesday we’ll have the monetary policy meeting minutes for the AUD and the inflation data for the CAD.

Wednesday the focus will be on the NZD where we’ll have the Official Cash Rate and the RBNZ press conference. The GBP CPI data is also expected, and the USD retail sales are worth keeping an eye on. We’ll also have the FOMC meeting minutes, but the meeting itself is not expected to be a very important one. On Thursday the market’s attention will be on the AUD employment changes and the unemployment rate.

Take note that summer trading conditions are likely to make this a difficult week.

Michael Cooper

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