The US unemployment claims are announced on Thursday at 15:30 MT time.
The rate cut may weaken the USD
The Federal Open Market Committee will publish a rate statement and announce an official rate at 20:00 MT on October 30. After that, at 20:30 MT, the Fed Chair Jerome Powell will conduct a press conference.
The analysts anticipate a rate cut by 25 basis points. If the Fed reduces the interest rate, it will be the third policy easing of the year. The Fed Chair Jerome Powell characterizes these interest rate decisions as the central bank’s mid-cycle adjustment. The slash of interest rate would be highly appreciated by the US President Donald Trump amid his criticism of the Fed's monetary policy. Also, it is recommended to pay attention to the tone of the statement, as it may affect the USD.
• If the rate cut happens, the USD will fall;
• If the rate cut does not happen, the USD will rise.
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
The US CPI and core CPI are due at 15:30 MT time on May 12.
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
The Federal Open Market Committee will make its statement and announce the interest rate on July 29, at 21:00 MT time.