This week’s exchange rate outlook
28 July, 2011
This week’s data likely to affect exchange rates:
Tuesday – European Unemployment & Inflation – 9am and 10am
Wednesday – UK Industrial Production Data & House Price Survey – 9.30am and 10am
Thursday – ECB Interest Rate Decision & US Jobless Claims – 12.45pm and 1.30pm
Friday – US Non Farm Payrolls – 1pm
Thursday’s Eurozone interest rate decision is an opportunity for the ECB to cut interest rates – they have been reluctant to do this so we could see some Euro weakness if a rate cut is announced.
For the USA, Friday’s non-farm payroll data is the key monthly employment statistic which often moves the dollar significantly one way or another, depending on the number of jobs reported.
Speak to your currency company if you would like more information on how any of these releases might change rates and therefore the price of your currency.
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