Canada will release the employment change and the unemployment rate on October 9, at 15:30 MT time.
The aussie may move on a jobs data
Australia will publish the level of employment change and the unemployment rate at 3:30 MT on October 17.
The indicator of employment change shows the change in the number of employed people during the previous month. The unemployed rate, released at the same time as employment change, represents the percentage of the total workforce that is unemployed. According to the forecast, employment change will advance by 15.3 thousand jobs, while the unemployment rate will remain at the same level of 5.3%. How may the indicators move the AUD?
• If the employment change is higher, and the unemployment rate is lower than the forecasts, the AUD will rise;
• If the employment change is lower and the unemployment rate is higher than the forecasts, the AUD will fall.
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.