Rate this post
May 29, 2019 @ 08:42 +03:00
Important upcoming events and publications for May 29 (GMT):
07:55 Unemployment in Germany. Risks for EUR: moderate. This month, it is expected the number of unemployed drops by 8K after a decline by a 12K month earlier. the Number of unemployed maintains a trend of decline for more than five years, but the slowdown in economic growth may interrupt it. The data is less than the forecast favourable for the Euro.
14:00 Bank of Canada rate decision. Risks for CAD: high. BoC is expected to keep the key rate at 1.75% and stick to a wait-and-see mode. The willingness to lower the rate may become an unpleasant surprise for the Canadian dollar.