NZD/USD weekly outlook: March 10 - 14
NZD/USD weekly outlook: March 10 - 14
The New Zealand rose to a more than four-month high against its U.S. counterpart on Friday before turning modestly lower, as the release of upbeat U.S. nonfarm payrolls data underlined the view that the Federal Reserve will maintain the current pace of reductions to its stimulus program.
Wednesday, March 12
- The RBNZ is to announce its benchmark interest rate and publish its monetary policy statement, which outlines economic conditions and the factors affecting the bank’s decision. The announcement is to be followed by a press conference.
Thursday, March 13
- RBNZ Governor Graeme Wheeler is to testify before the Finance and Expenditure Select Committee, in Wellington.
- The U.S. is to release data on retail sales and import prices, in addition to the weekly government report on initial jobless claims.
Friday, March 14
- The U.S. is to round up the week with data on producer price inflation and preliminary data from the University of Michigan on consumer sentiment.
GBP/USD weekly outlook: March 10 - 14
GBP/USD weekly outlook: March 10 - 14
The pound moved lower against the dollar on Friday after data showed that the U.S. employment report for February was stronger than forecast, bolstering the outlook for the economic recovery.
Tuesday, March 11
- The U.K. is to publish data on manufacturing production. Meanwhile, BoE Governor Mark Carney and several monetary policy committee members are to testify on inflation and the economic outlook before Parliament's Treasury Committee.
Wednesday, March 12
- The U.K. is to produce data on the trade balance, the difference in value between imports and exports.
Thursday, March 13
- The U.S. is to release data on retail sales and import prices, in addition to the weekly government report on initial jobless claims.
Friday, March 14
- The U.S. is to round up the week with data on producer price inflation and preliminary data from the University of Michigan on consumer sentiment.
EUR/USD weekly outlook: March 10 - 14
EUR/USD weekly outlook: March 10 - 14
The euro pulled back from two-and-a-half year highs against the dollar on Friday after data showed that the latest U.S. jobs report for February came in ahead of expectations.
Monday, March 10
- In the euro zone, France is to produce data on industrial production.
Tuesday, March 11
- Germany is to release data on the trade balance, the difference in value between imports and exports.
Wednesday, March 12
- The euro zone is to release data on industrial production.
Thursday, March 13
- The ECB is to publish its monthly bulletin, which looks at current and future economic conditions from the bank’s perspective.
- The U.S. is to release data on retail sales and import prices, in addition to the weekly government report on initial jobless claims.
Friday, March 14
- The U.S. is to round up the week with data on producer price inflation and preliminary data from the University of Michigan on consumer sentiment.