The past week witnessed many important forex news, as the US dollar rose against most of the other major currencies at the end of trading on Friday, and this came after several important data indicated that US economic growth during the first quarter of this year had been revised higher, on the other hand. The British pound fell broadly due to increasing political tensions in Britain over the parliamentary elections scheduled for next month.
During this week, global markets are awaiting a lot of forex news affecting the movement of currencies, as the monthly jobs report will be released from the United States, scheduled for Friday, which is likely to provide any new hints regarding the future of monetary policy and the gradual increase in US interest rates by the Federal Reserve during This year.
Investors are also watching with keen interest the monthly inflation data in the Eurozone to assess when the European Central Bank may begin to cancel its massive asset purchase program.
Here are the most important forex news this week
Monday 29 May
Financial markets in the United States and the United Kingdom are scheduled to remain closed for public holidays in the country, and Mario Draghi, President of the European Central Bank, is also scheduled to testify on the economy and monetary developments before the Committee on Economic and Monetary Affairs in the Belgian capital, “Brussels.”
Tuesday 30 May
Financial markets in China will be closed for public holidays, on the other hand, Australia will publish several important data on building permits , In Germany, several preliminary data on inflation will be released. On Tuesday, the US is also scheduled to release a report on personal income and spending in addition to other data on consumer confidence in the economy.
[banner-group name='bannerforex']Wednesday May 31
The Reserve Bank of New Zealand is to publish a report on financial stability, and in China is to release official figures on the manufacturing and service sectors, on the other hand, Germany will publish a report on retail sales, and Britain is to release its figures on bank lending. Eurozone to publish some preliminary data on inflation in the region, Canada is also scheduled to publish data on economic growth, and in the US a report on pending home sales will be released as well as other data on business activity in the Chicago area.
Thursday 1 June
Australia is scheduled to publish several important data on retail sales and private capital expenditures, China will release a reading of the Caixin PMI, and in Britain a reading of the manufacturing PMI will be released, on the other hand, the United States will release a sector jobs report. Non-Farm and Initial Jobless Claims Weekly Report, the Institute for Supply Management is scheduled to release a reading of the Non-Manufacturing PMI.
Friday 2 June
The UK will release a report on the construction PMI, the US and Canada will also release trade data. The US is also set to conclude the week's trading by issuing several important reports on non-farm jobs for the month of May.
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