Stay informed with FxProโs weekly update and stay ahead of whatโs shaping the markets.
Tuesday kicks off with the RBNZ rate decision. With the cash rate sitting at 2.50% following Julyโs hike, markets will be watching closely for signs the central bank is ready to do more on inflation. ๐ณ๐ฟ๐ฆ
Wednesday, itโs the BOC. Rates have been at 2.25% since last October, so the tone could be just as important as the decision itself, with the loonie in focus. ๐จ๐ฆ๐
Then Friday brings NFP. After a -23K reading last time, another negative number could put serious pressure on the dollar. And with Canadian jobs data landing at the same time, USDCAD could be the pair to watch. ๐บ๐ธ๐จ๐ฆ๐
With three major central bank and jobs events packed into the week, currencies could be in for some serious moves. ๐๐
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