The US Federal Reserve will publish minutes of the previous meeting, with market participants typically scrutinising this document for any hints about the regulator’s future actions, especially a rate cut in May. The USD maintains a stable position.
EUR: figures and minutes
Canada is set to release January’s statistics on inflation and the new housing price index. Robust reports will allow the CAD, which is under pressure, to improve its position.
USD: focus on the Fed again
This week will not be rich in data and emotions, enabling market participants to focus on analysis and forecasts.
CAD: under pressure
New Zealand will provide retail sales data for Q4 2023. The statistics will give insights into actual consumer activity and will help assess the outlook for the Reserve Bank of New Zealand’s monetary actions. The NZD exchange rate has been rising for the third consecutive session and may maintain its upward momentum.
