Summary of the most interesting economic events from the trading week of July 1 - 7, 2024

The regular Monday recap is out! Last week was full of labor market data. Join us for a recap!


From Canada, we were mainly interested in the unemployment rate last week, which unexpectedly rose together with the US unemployment rate to 6.4 %. At the same time, employment fell by 1, 000, confirming the BoC's view that higher interest rates are impacting the labour market and strengthening the case for a rate cut. Negative for CAD.

What's in store for us this week?

Monday: -

Tuesday: unemployment rate in the Czech Republic (CZK), speech by J. Powell (USD)

This week we will focus mainly on Wednesday's meeting of the Reserve Bank of New Zealand (RBNZ), which is expected to leave rates at their current level.


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