Welcome to our regular Monday recap. Together, let's recap what moved the markets last week, and what we'll have in our sights this week.
EUR
Thursday's GDP data from the euro area came out rather negatively for the euro. In fact, euro area GDP increased by 0.1% in the three months to June 2023 compared with the previous quarter, lower than the original estimate of 0.3%. This is not good news.
USD
As every Thursday, we were interested in the US news regarding new unemployment claims.
AUD
On Tuesday, we focused our attention on the Reserve Bank of Australia meeting. At its meeting, it kept its rate at 4.1%
And what awaits us in the current trading week:
On Tuesday, we will be interested in the latest data from the UK labour market, which will come at 8:00 am.
On Wednesday, the markets will focus on US inflation, which will come at 14:30. Here we expect increased volatility as it could affect the Fed's next steps.
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