Expectations for the upcoming week
The first working week of spring will be filled with meetings of the Central Banks of Australia, Canada and the Eurozone. To a large extent, it will affect national currencies, despite the fact that significant changes in the monetary policies of these countries are not expected. In addition to meetings of the Central Bank, throughout the week data on business activity, data on GDP of Australia and Japan and employment in the United States and Canada are expected.
The main event of the week will be the Friday report on employment in the US, which is expected to slow growth in jobs. As a result, this may have a restraining and corrective pressure on the US currency throughout the week. (Anton Hanzenko)
Read also: “Gold is limited to annual correction! What to expect?!”
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