USD trimmed gains against a basket of other major currencies on Friday after rising to a three month high on data showing the United States economy grew more than expected in the third quarter.
Next week, investors will focus on the Federal Reserve meeting on Wednesday to find new evidence on the possible course of monetary policy. The United States jobs report will also be closely monitored on Friday.
The Bank of England will focus on Eurozone growth and inflation data on Tuesday.
The following are major economic events this week:
Monday October 30
Germany will publish preliminary inflation data and report on retail sales.
United Kingdom will report on net lending.
United States will publish data on the Core Personal Consumption Spending and personal spending index.
Tuesday, October 31
New Zealand will publish a report on business confidence.
China will publish official data on the manufacturing and service sectors.
Bank of Japan will also announce the benchmark interest rate and publish the interest rate statement that determines the economic conditions and factors influencing the monetary policy decision. The conference will be followed by a press conference.
Eurozone will publish preliminary data on inflation and economic growth in the third quarter.
Canada will also release data on economic growth and raw material price inflation.
Later in the day, Bank of Canada Governor Stephen Boloz will testify before the Standing Committee of the House of Commons in Ottawa.
United States is due to issue a series of reports, including data on the Chicago labor and business costs index and consumer confidence.
Wednesday, November 1st
United Kingdom will release a report on manufacturing activity.
Non-Farm Payrolls report will be released by the United States, and the Supply Management Institute will publish the Manufacturing Index later in the day.
Federal Reserve will announce its benchmark interest rate and publish an interest rate statement that sets out the economic conditions and factors influencing the monetary policy decision.
Thursday, November 2nd
Australia will publish data on trade balance and approval of construction.
United Kingdom will issue a report on construction activity.
Bank of England will announce its latest interest rate decision and publish its minutes. Bank of England Governor Mark Carney is scheduled to hold a press conference to discuss the decision.
United States will publish the weekly report on initial jobless claims as well as data on labor productivity and costs.
New York Fed Chairman William Dudley will speak.
Friday, November 3rd
Japan’s financial markets will close for a holiday.
Australia will also publish a report on retail sales.
China will publish a report on the services index.
United Kingdom will report on the activity of the service sector.
Canada will also publish its latest employment report along with trade data.
United States will prepare for the week by publishing a report on non-farm payrolls for October, as well as data on trade and factory orders and the non-manufacturing PMI.