USD fell against the rest of the major currencies on Friday, after the release of US inflation data, which disappointed the markets and affected the possibility of raising interest rates again this year.
Among the most important economic and financial events next week, global financial markets will focus on the minutes of the Federal Reserve’s monetary policy meeting at its last meeting as investors look for more evidence about the timing of the next US interest rate hike, as well as evidence on how Through which the bank will reduce its bloated public budget.
Market participants will also watch the economic data to be released in the US, highlighting the monthly retail sales report. In the UK, markets will be looking for consumer price inflation, looking for more indicators of how the UK’s exit from the European Union (BRICZET) will affect the domestic economy.
In the Eurozone, Germany, the region’s largest economy, will publish preliminary economic growth data for the second quarter, looking for more evidence of the validity of the main engine of the Eurozone economy as a whole. In Asia, China will release monthly manufacturing data, amid recent signs that the momentum of the world’s second largest economy is still strong.
Markets will continue to follow the news coming from Washington, even as the US Congress slows down its summer vacation in August. The investigation into US President Donald Trump’s campaign with Russia will remain a candidate for investor attention if new developments emerge, as are US and Korean tensions.
The most important economic events this week
Monday 14 August
New Zealand will release retail sales data. In Asia, Japan will release its preliminary reading of economic growth in the second quarter, and China will publish industrial production and fixed asset investment reports.
Tuesday, 15 August
The Reserve Bank of Australia will publish the minutes of the last monetary policy meeting, and Britain and Switzerland will release monthly inflation report.
In the euro zone, Germany will release its preliminary economic growth for the second quarter, and in the US retail and industrial sales will be released in the New York area.
Wednesday, 16 August
Australia will release the WSI data, and the UK will publish its monthly payroll report.
The euro zone will release revised data for economic growth for the second quarter. In Canada, a report on foreign securities purchases will be issued.
The US will publish building permit data and start building houses, and the Fed will publish the minutes of the last monetary policy meeting.
Thursday 17 August
New Zealand will release the producer price inflation report, and Australia will publish its monthly payroll report.
The UK will release the retail sales report. In the Eurozone, the revised reading of inflation will be released, and the ECB will publish the minutes of the last monetary policy meeting.
Canada will release manufacturing sales data, and the US will publish the weekly Unemployment Claims report and manufacturing activity in the Philadelphia area, as will the Fed Chairman – Dallas Branch (Robert Keiblin).
Friday, 18 August
Canada will publish monthly inflation report and retail sales report. The US will end the week by releasing the Consumer Confidence Index preliminary reading