On Friday, euro fell to a two-month low against the dollar, a day after European Central Bank President Mario Draghi has hinted at a possible further easing of monetary policy this year. At the end of trading, EUR/USD fell 0.79% to 1.1017, the lowest close since August 18. At the end of the week, the pair fell 2.99%, the worst weekly dynamics since May.
Here are the most important events for this week:
Monday, October 26
In the Eurozone, IFO will release a report on German business climate.
US will publish data on housing sales in the primary market.
Tuesday, October 27
New Zealand is to publish data on its trade balance.
UK is to release preliminary data on economic growth in the third quarter.
US will report on the volume of orders for durable goods and consumer confidence.
Wednesday, October 28
Japan is to publish data on retail sales.
Australia is to publish data on consumer price inflation.
The Federal Reserve will decide on interest rate and will publish its accompanying statement which sets out the economic conditions and the factors that influenced the monetary decision.
Later the same day, the central bank of New Zealand will also announce its rate decision.
Thursday, October 29
Australia is to publish data on import prices.
In the Eurozone, Spain and Germany will release preliminary data on inflation, while Germany will publish separate data on changes in the number of unemployed.
US will release preliminary data on economic growth in the third quarter, a weekly report on applications for unemployment benefits and the index of pending sales in the market.
Friday, October 30
Japan will report on household spending, inflation and retail sales.
New Zealand is to publish a report on business confidence.
Australia is to release data on producer prices.
The Bank of Japan will make a decision on the interest rate and will publish its accompanying statement which sets out the economic conditions and the factors that influenced the monetary decision.
The Eurozone is to publish preliminary data on consumer price inflation and unemployment, while Germany will publish separate data on retail sales.
Canada is to publish its monthly report on economic growth.
US will complete the week with data on personal income and spending, as well as a report on manufacturing activity in the Chicago area.