The most influential events for the week ending September 11

07.09.2015

On Friday, the dollar showed a decline after the publication of the latest report on US employment, which showed that the growth rate of job creation slowed in August, reinforcing the uncertainty about the interest rates rise by the Fed later this month.

The euro rose against the dollar; EUR/USD pair rose 0.25% to 1.1150.

The single currency fell to a two-week low against the dollar on Thursday after European Central Bank pointed to the possibility of extending the current QE program, and also lowered its forecast for growth and inflation.

The USD index, showing the relationship of the US dollar against a basket of major currencies, kept at 96.26, almost unchanged throughout the day.

Here are the most significant upcoming events:

Monday, September 7

The Swiss National Bank is to publish data on the volume of foreign exchange reserves. This report is closely monitored by the market participants as an indicator of the bank's operations size in the foreign exchange market.

Markets of US and Canada will be closed because of the Labor Day.

Tuesday, September 8

Japan is to release revised data on economic growth in the second quarter, as well as a report on the balance of payments.

Australia is to publish an index of confidence in business circles.

Wednesday, September 9

Australia is to release data on mortgage lending and consumer confidence. A deputy of the Reserve Bank of Australia will deliver a speech in Melbourne.

UK is to publish a report on the trade balance and industrial production.

Canada is to publish data on the volume of building permits.

Later on Wednesday, the Bank of Canada will announce the interest rate and will publish its accompanying statement.

Thursday, September 10

RBNZ will announce interest rate decision and will publish the accompanying statement which sets out the economic conditions and the factors that influenced the decision on monetary policy.

Japan is to publish data on the volume of orders for machinery and equipment.

Australia will release its latest report on employment.

China will release data on consumer and producer prices.

The Bank of England is to announce its benchmark interest rate and publish the accompanying statement.

US will publish data on the number of applications for unemployment benefits.

Friday, September 11

Japan is to publish the BSI index of business conditions for large manufacturers.

The finance ministers of the European Union must hold talks in Brussels.

US completes the week with data on producer price inflation and consumer confidence.

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