Market Overview
This week will be highlighted by interest rate decisions from the RBNZ and the Bank of Canada, while also focusing closely on inflation data out of Europe and the USA. Inflation had been crashing in recent times, so any reversal in the trend, could have a major impact on the direction of currencies. Trade agreements with the EU and a European Finance Ministers Summit will add some macro geo-political perspective and spice to markets this week, but inflation and growth remain key drivers.
Major Announcements last week:
-China/German/USA Inflation Reports
-RBNZ and Bank of Canada Rate Decisions
-UK GDP Growth
-China Trade Exports/Imports.