EUR: need for support

EUR: need for a reversal

The Eurozone is to publish a lot of statistics, including the Sentix investor confidence index and the final figures for the purchasing managers index in the manufacturing and non-manufacturing sectors. Retail sales data and another GDP estimate for the first quarter will also be released. The ECB's expected future hike in the interest rate can support the EUR.

JPY: attention to spending

JPY: focus on spending

Japan will release data on its GDP for the beginning of the year and the Economy Watchers Survey Index. In addition, an important report on household spending will be published, which will help assess what is happening with spending and incomes in the country. Meanwhile, the JPY rate is weakening and returning to depreciation.

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AUD: there is a balance

AUD: there is a balance

The Reserve Bank of Australia will hold a meeting to decide on the interest rate. The indicator is expected to remain unchanged at 3.85% per annum, which is a neutral signal for the AUD.

USD: strong position

USD: strong position

Business activity statistics could bring pleasant surprises. In addition, consumer credit data will be presented. The USD remains strong, but the Fed’s signals can decrease the rate.

CAD: everything depends on the CB

CAD: everything depends on the CB

The Bank of Canada will decide on the cost of lending at its next meeting. There is a chance that the key interest rate will remain at the level of 4.5% per annum, which is neutral news for the CAD rate, but further reactions will depend on the regulator’s comments.

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