Canada will release the employment change and the unemployment rate on October 9, at 15:30 MT time.
Will the FOMC meeting push the USD?
Information is not investment advice
The Federal open market committee will release the monetary policy statement and announce the official rate on May 1, at 21:00 MT time.
We don’t expect any changes to the current interest rate this time. However, the Federal Reserve may provide some hints on the further path of its monetary policy. The recent comments by the FOMC members showed that the bank would stick to its patient tone for the foreseeable future. If Mr. Powell surprises the market with more optimistic comments, the USD will rise.
• If the FOMC is hawkish, the US dollar will go up;
• If the FOMC is dovish, the US dollar will go down.
The Reserve Bank of Australia will post a rate statement, which contains an update on the interest rate on October 6, at 6:30 MT time.
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.