Retail data may shake the loonie
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
Will the RBA meeting minutes pull the AUD down?
The RBA meeting minutes will be released at 02:30 MT time on November 19.
The minutes of the monetary policy meeting due on November 19 will shed light on the logic behind the recent monetary policy decision announced by the Reserve Bank of Australia. The RBA kept the interest rate at 0.75% on November 5. The policymakers advised that a prolonged period of low rates may be expected due to the risks in the global economic environment and the intention of the RBA to reach full employment. They also stated that the further monetary ease will stay as an option if the situation requires. Therefore, on November 19 we will have more details on the internal discussion and the observations of the RBA officials which lead to the current monetary stance.
- If the RBA meeting minutes reveal a steady rate intention, the AUD will rise;
- If the RBA meeting minutes reveal more openness to a dovish scenario, the AUD will fall.
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The ECB and the euro: surrounded by skeptics
The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time.
Will the BOC bring a challenge to the CAD traders?
The Bank of Canada (BOC) will release its rate statement alongside the monetary policy report during its meeting on January 22 at 17:00 MT time.
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Retail data may shake the loonie
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
The ECB and the euro: surrounded by skeptics
The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time.
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