This week can be expected to be less active than the previous week, with Central Bank input due concerning only the Canadian Dollar on Wednesday, although the New Zealand government will be releasing its annual budget on Thursday. There is some important U.S. economic data due on Thursday and Friday.

It looks as if the major activity and volatility is going to be centered on the latter half of this week.

U.S. Dollar

It should be a fairly typical week for the Greenback in terms of news volume. Wednesday will see the release of Crude Oil Inventories. Later, on Thursday, we will get Core Durable Goods Orders and Unemployment Claims. Finally, Friday will see the release of Preliminary GDP data.

Canadian Dollar

It will be an important week for the Loonie, with the release of the Bank of Canada’s Rate Statement and Overnight Rate due on Wednesday. Monday is a public holiday in Canada.

Euro

It will be a fairly light week for the Euro, with German ZEW Economic Sentiment due on Tuesday followed by German IFO Business Climate data on Wednesday.

Australian Dollar

It will be a fairly light week for the Aussie, with German ZEW Economic Sentiment due on Tuesday followed by German IFO Business Climate data on Wednesday.

New Zealand Dollar

It will be a fairly light but also important week for the Kiwi, with Trade Balance data on Wednesday followed by the Annual Budget Release on Thursday.

British Pound

It will be a fairly very week for the Euro, with nothing scheduled except Second Estimate GDP data on Thursday.