Weekly Economic & Political Timeline – 8/7/2016

There will be a much lighter news schedule this week compared to last week, which includes central bank input from New Zealand only, as well as a key U.S. data tranche. There are also going to be a couple of important numbers to watch from China.

The key days this week are likely to be Thursday (New Zealand data) and Friday (slew of U.S. data).

Thursday is a public holiday in Japan.

U.S. Dollar

It will be a moderately busy week for the Greenback, beginning on Wednesday with a release of Crude Oil Inventories data. On Thursday we will get Unemployment Claims numbers. Finally, on Friday we will get the major Retail Sales, PPI and Preliminary UoM Consumer Sentiment data.

New Zealand Dollar

It will be an important week for the Kiwi, with Thursday seeing the release of the RBNZ Rate Statement and Official Cash Rate, followed by the usual press conference. Friday will see the release of Retail Sales data.

Chinese Yuan

It will be a moderate week for the Yuan, with Trade Balance data due on Monday, followed by Industrial Production numbers on Friday.

Euro

It will be a very light week for the Euro, with nothing due except German Preliminary GDP data on Friday.

British Pound

It will be a very light week for the Pound, with nothing due except Manufacturing Production data on Tuesday.

Australian Dollar

It will be a very light week for the Aussie, with nothing due except a speech from the Governor of the RBA on Wednesday

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