The regular Monday recap is here. Last week we were mainly interested in the Canadian inflation rate and the US labour market.
Have a nice Monday!
On Thursday, we watched the incoming Eurozone PMI data, which turned out to be positive for the EUR.
On Thursday, positive PMI data also came in from the UK, beating market expectations.
From the US, we were most interested in the labour market numbers. Specifically, unemployment claims, which we received on Wednesday, because Thursday and Friday were holidays in the US.
The most important news from last week was Tuesday's inflation in Canada, which was not very positive for the Canadian dollar.
What's in store for the current trading week?
The week will start with Tuesday's Australian retail sales figures (1:30), which according to preliminary estimates should fall slightly.
Wednesday will be more interesting as the Reserve Bank of New Zealand's monetary policy meeting is scheduled (2:00), where a pause is expected. Then we get the preliminary US GDP data in the afternoon (14:30).