Fed minutes key for USD

The highlights next week will be the Bank of England and the FOMC minutes from their latest interest rate meetings.

The week kicks off with the release of third quarter GDP numbers for Japan. In the Eurozone, trade balance data are released. Industrial production numbers for October and the NY Empire State Manufacturing Index are out in the US.

On Tuesday, the Reserve Bank of Australia releases minutes from its latest monetary policy meeting, while in China, house price information are released. Later in the day, inflation numbers are published in the UK. The German ZEW economic sentiment will be closely watched too. From the US, producer price numbers and the NAHB Housing Market Index are released.

On Wednesday it would be important to watch the Bank of Japan’s latest interest rate decision. Current account numbers and construction production data are meanwhile released in the Eurozone. The most important events of the day will be the release of the Bank of England and the FOMC minutes from their latest monetary policy meetings. Also, building permits numbers and housing starts data will be released in the US.

On Thursday, trade data and the Bank of Japan Monthly Report of Recent Economic and Financial Developments are issued in Japan. Flash PMI results are published worldwide by Markit. The UK releases retail sales figures and CBI orders data while consumer confidence data for the Euro zone will be published by the European Commission. From the US, a series of data releases include inflation numbers, initial jobless claims, the CB leading indicator and existing home sales numbers.

On Friday, there will be limited data. The Asian session will be quiet. The UK public sector finances data are out, while inflation figures are out in Canada.

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