During this week, investors are waiting for many important forex news represented in monitoring the progress made on the tax reform bill in the United States, and the focus will also be on the trade and inflation report in China to measure the strength and durability of the second largest economy in the world.
Global markets are also awaiting the release of monetary policy announcements from the Reserve Bank of Australia and the Reserve Bank of New Zealand.
Below are the details of the most important forex news this week
Monday 6 November
New Zealand is set to publish its data on inflation expectations, and Bank of Japan Governor Haruhiko Kuroda is to speak. Later in the day, Federal Reserve Bank of New York President William Dudley is also scheduled to speak. Canada to publish a report on the Ivey Purchasing Managers Index.
Tuesday 7 November
The Australian Central Bank will announce the benchmark interest rate, in addition to publishing a statement on policies that determine economic conditions and the factors that would affect the monetary policy decision. European Central Bank Mario Draghi will speak at an event in Frankfurt, and Canadian Central Bank Governor Stephen Poloz will deliver remarks in Montreal.
Wednesday 8 November
China is set to release monthly trade data, Canada is to release its report on building permits, and later in the day, the Reserve Bank of New Zealand is also scheduled to announce its benchmark interest rate, in addition to publishing a statement on monetary policies that will be followed by that statement. Press conference for the president of the bank.
Thursday 9 November
China will publish its data on inflation, Canada will release its data on house price inflation, and in the United States the weekly report on initial jobless claims will be released, and the President of the Swiss National Bank, “Thomas Jordan” will speak at an event in the city of "Frankfurt".
Friday 10 November
The Reserve Bank of Australia is scheduled to publish a statement on monetary policies, and Britain will reveal several important reports on industrial production and trade balance, and the United States is scheduled to conclude the week's trading by issuing its preliminary data on consumer sentiment in the largest economy in the world.
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