Summary of the most interesting economic events from the trading week 23. - 29. October 2023

Monday's recap is here. Together, let's recap the highlights of the past week. And that there was a lot.

EUR

On Tuesday, we watched the preliminary PMI data from the euro area, which came out negative for the euro.

GBP

On Tuesday, we focused our attention on the UK labour market data, which was incomplete.

USD

Tuesday's PMI, came out positive for the USD. The manufacturing index rose to 50 points, beating market estimates.

CAD

On Wednesday, we focused our attention on the Bank of Canada meeting. The latter left the base interest rate unchanged as planned.

AUD

The Australian dollar had a fairly positive week, strengthening mostly on strengthening quarter-on-quarter inflation.

What's in store for the current trading week?

Tuesday will be mostly about Japan (JPY). Overnight, the unemployment rate data will come in, accompanied by retail sales, and the Bank of Japan meeting at 3:30. Again, the BoJ is not expected to raise rates, but we have already heard that a hike plan is on the table.

Sources:

https://www.investing.com

https://www.forexlive.com

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