Welcome to our regular Monday recap of the fundamentals we've been following over the past week.
Read on to keep up to date.
EUR
Last week, the European Central Bank (ECB) published its minutes from the monetary policy meeting, from which we could learn that inflation is too high.
Hint: read the full minutes of the ECB meeting:
https://www.ecb.europa.eu/press/accounts/2022/html/ecb.mg221006~a5f7fb03f3.en.html
GBP
Last week we also got the latest PMI data from the UK, which was also not entirely positive...
USD
After the decline in the US dollar (usd) at the beginning of the week, we got better PMI and labour market data in the second half of the week, which helped the dollar to strengthen again.
AUD/NZD
The most important events on which we focused our attention were the meetings of the Reserve Bank of Australia and the Reserve Bank of New Zealand.
And what's in store for the current trading week?
We start the week with almost no fundamentals because it is a holiday in the US and Canada.
More interesting data will come on Thursday.
Sources:
