The ECB Monetary Policy Meeting Accounts will be released at 14:30 MT on January 16
How will the NFP affect the USD?
The Non-Farm Payrolls are out at 15:30 MT time on December 6.
The October Non-Farm payrolls rose by 128K against the expected 89K. That boosted the USD against the related currencies. However, it also marked a decline in the level of employment as the previous indicators were within the range of 165-180K since July this year. Reports say the economic outlook is gradually improving, in line with the US-China slow but steady progress. We will see if that impression is supported by the NFP release this Friday, in line with the average hourly earnings and the unemployment rate. If it is, the USD will rise again.
- If the NFP outperforms the forecasts, the USD will rise;
- If the NFP does not exceed the forecasts, the USD will fall.
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time.
The Bank of Canada (BOC) will release its rate statement alongside the monetary policy report during its meeting on January 22 at 17:00 MT time.