Summary of the most interesting economic events from the trading week 16. - 22. October 2023

Welcome to our regular Monday recap of the past week. It was full of inflation data. Let's remind ourselves together of the most important things.


Wednesday's inflation rate in the euro area came in line with market expectations. The annual headline inflation rate had declined to 4.3% and the core rate had fallen to 4.5%. Which is the lowest value since August 2022.


On Wednesday, we also watched the UK inflation rate, which remained at 6.7%, holding at an 18-month low, according to market estimates.


On Tuesday, we also got inflation data from Canada. The year-on-year inflation rate fell to 3.8%, which was below market expectations.


Thursday's Australian labour market data supported our technical outlook on AUDCHF and helped TP.

What's in store for the current trading week?

This week will be interesting from a fundamental point of view, as several central bank meetings are scheduled.

On Tuesday, we'll focus on the Japanese inflation rate (2:30) and a flurry of preliminary PMI data from Australia, the eurozone, the UK and the US. In the morning (8:00), data from the UK labour market will be added to this.


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