This week’s currency update

28 July, 2011

CurrencyIndex

This week the main story is likely to be the continuing developments of the Irish bank bailout – and whether there will be any knock-on effects elsewhere in the Eurozone. For now the Euro has started to strengthen.

Elsewhere we have economic releases in Australia, Canada, the USA and Switzerland, all likely to affect rates for sending money abroad. Contact your foreign exchange broker for the latest rates and news.

Monday 29th
0930 – UK mortgage approvals & money supply
1000 – Eurozone economic & consumer confidence
1330 – Canadian current account

Tuesday 30th
Overnight – UK consumer confidence
0030 – Australian current account
1000 – Eurozone unemployment & CPI inflation
1330 – Canadian GDP
1500 – US consumer confidence

Wednesday 1st
0030 – Australian GDP
0700 – UK Nationwide house prices
0900 – Eurozone manufacturing inflation
0930 – UK manufacturing inflation
1500 – US manufacturing & construction

Thursday 2nd
0030 – Australian retail sales & trade balance
0645 – Swiss GDP
1000 – Eurozone GDP & PPI inflation
1245 – Eurozone interest rate decision
1330 – US jobless claims

Friday 3rd
0815 – Swiss CPI inflation
1000 – Eurozone retail sales
1200 – Canadian unemployment
1330 – US non-farm payrolls & unemployment rate