The reports that China is ready to negotiate with the US on the possible cancellation of tariffs have pushed the risk-weighted currencies up.
On November 7, the BOE will announce the interest rate decision. Will it affect the GBP?
The USD and the EUR rising against the CAD; the NZD/JPY testing the support level.
The Canadian employment change and the unemployment rate will be announced at 15:30 MT on November 8.
While the market is boosted by the optimism concerning the US-China trade deal, we are awaiting the Canadian and New Zealand's data.
The Bank of England is announcing the interest rate decision at 14:00 on November 7.
The Reserve Bank of Australia’s release of the interest rate is at 5:30 MT on November 5.
This week we will see two rate statements by the major central banks, no changes in the interest rate are expected. Read more...
Quiet Monday on the Forex market
The main focus for today will be on the American jobs data at 14:30 MT.
Mixed reaction of the market to the US Fed, Bank of Canada and Bank of Japan interest rates releases
The Canadian dollar weakened significantly after the monetary policy decision by the Bank of Canada.