There will be a light news schedule this week, compared to last week which was also quite light. The only central bank input expected this week is from the Bank of Canada. This is likely to dominate the week’s agenda along with a smattering of U.S. economic data and a speech from Janet Yellen, the Chair of the Federal Reserve, on the U.S. economic outlook.

The market is likely to be most active on Wednesday and Friday.

U.S. Dollar

It will be a busy week for the greenback, beginning on Monday with a release of Core Durable Goods Orders. On Tuesday, we will get Preliminary GDP and CB Consumer Confidence numbers. Wednesday brings ISM Manufacturing PMI and Crude Oil Inventories data. On Thursday, we will see a release of Unemployment Claims data. Finally, on Friday, there will be a release of ISM Non-Manufacturing PMI data, and the Chair of the Federal Reserve will be speaking.

Canadian Dollar

It will be a light but important week for the Loonie, beginning with Wednesday’s release of the Bank of Canada’s Rate Statement and Overnight Rate. On Thursday, we will get GDP numbers.

Chinese Yuan

It will be an important week for the Yuan, with Wednesday seeing a release of Caixin Manufacturing PMI data.

British Pound

It will be a typically busy week for the Pound, starting on Wednesday with the release of Manufacturing PMI data. On Thursday, there will be a release of Construction PMI, then finally on Friday, a release of Services PMI.

Australian Dollar

It will be a light week for the Aussie, with nothing due except GDP data on Wednesday.