Welcome to the regular Monday recap, which is extraordinary for an unexpected event that shocked the markets at the end of the week.
Read on to keep up to date!
The week started with positive retail sales data in the euro area.
The US dollar experienced volatility last week for the first time in a while. Late in the week, the markets were hit by news of the collapse of the 16th largest US bank! California banking regulators closed Silicon Valley Bank's parent company, SVB Financial Group, on Friday.
In the second half of the week, we watched the Bank of Canada meeting and incoming Canadian labour market data, to which the Canadian dollar weakened.
Earlier in the week, the Reserve Bank of Australia (RBA) raised its base rate by 25 basis points, which was also in line with market expectations.
And what's in store for the current trading week?
In the current trading week, we will definitely turn our attention to the developments regarding the collapse of the US bank SVB.