1Finance

The US dollar was on the back foot, but the managed to recover some of the losses. Inflation data in the UK and the US, Employment data from the UK and Australia, US retail sales and no less than 4 rate decisions,with the Federal Reserve standing out from the crowd. These are the main events for this busy week.

1. UK Inflation data: Tuesday, 8:30. A monthly rise of 0.4% is expected.
2. US retail sales: Tuesday, 12:30. For the month of May, both headline and core figures carry expectations of a rise of 0.4%.
3. UK jobs report: Wednesday, 8:30. The unemployment rate for April is expected to remain at 5.1% and average hourly earnings are predicted to rise 1.7%.
4. US PPI: Wednesday, 12:30. Headline PPI is expected to rise by 0.3% and core PPI by 0.1%.
5. US Fed decision: Wednesday, statement and forecasts at 18:00, press conference at 18:30.
6. Australian employment data: Thursday, 1:30. A gain of 15.1K jobs is expected and the unemployment rate is unlikely to change.
7. Japan rate decision: Thursday.
8. Swiss rate decision: Thursday, 7:30. Even lower negative rates could hit the franc, but it seems unlikely at the moment.
9. UK rate decision: Thursday, 11:00. Carney voiced his concern that a vote to leave the EU could change the outlook for output and inflation, prompting a change in monetary policy.
10. US inflation data: Thursday, 12:30. Headline inflation is expected to rise by 0.3% and core inflation by 0.2%.
11. US Philly Fed Manufacturing Index: Thursday, 12:30.
12. US Unemployment Claims: Thursday, 12:30. Claims are expected to stand at 267K this time.
13. US Building Permits: Friday, 12:30.
14. Mario Draghi speaks: Friday, 15:00. ECB President Mario Draghi will speak in Munich.

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