Let’s have a look at what’s making headlines in the market for this week;
This week is jam packed with Australia’s data, today we have the Reserve Bank of Australia’s Interest Rate Decision which is expected to remain same at 1.5%.
Most market sensitive is the Australia’s Gross Domestic Product for Quarter 4 scheduled for tomorrow and potentially more interesting will be the speech by Governor Lowe on Wednesday. Retail sales, trade balance and building approvals will be worth noting.
Apart from that, we have European Interest Rate Decision and Gross Domestic Product, Canadian and Japanese Interest Rate Decision with US Unemployment rate.
So let’s see how much these releases affect our currency basket