The regular Monday recap is out! Let's take a look together at what news moved the market last week, and what we'll focus on in the current one.
On Thursday, we were expecting quite important data on inflation in the euro area and the labour market. The core inflation rate fell to 2.4 % in November. This marked the lowest reading since July 2021 and was below estimates.
On Wednesday we got some GDP data that was positive for the USD. The US economy grew by 5.2 % in Q3.
The Canadian hasn't had a great week. Thursday's Q3 GDP fell by 0.3 %.
An important fundamental we watched was Wednesday's meeting of the Reserve Bank of New Zealand. The NZD strengthened in response to the meeting.
At the end of the week, we still got data from the Japanese labour market, which turned out positive. The unemployment rate unexpectedly fell to 2.5 %.
What's in store for the current trading week?
On Tuesday, we will wait for the incoming Tokyo inflation data (00:30). And later at 4:30 will come the RBA meeting where the base rate is expected to remain steady at 4.35 %.