The weekly review and the upcoming events for the week ending September 25

21.09.2015

On Friday, the dollar regained lost ground against most world currencies, rebounding from the lows reached during the previous sessions in connection with the Fed decision to leave interest rates unchanged.

The dollar fell sharply after on Thursday, the US central bank has kept short-term interest rates on hold due to concerns about weak inflation and the impact of the recent volatility in global markets on the US economy.

The USD index, which shows the relationship of the US dollar against a basket of major currencies, went up 0.78% to 95.36 on Friday evening, after falling to 94.19 in early trading. The index finished the week down 0.2%.

The euro fell sharply against the dollar in late trading; EUR/USD fell 1.19% to 1.1298.

Monday, September 21

Markets in Japan are closed for a national holiday.

Canada is to publish data on wholesale trade. Later in Calgary, the head of Bank of Canada, Stephen Poloz, will deliver a speech.

US will release a report on housing sales in the secondary market.

Tuesday, September 22

Markets in Japan will be closed for a national holiday.

Australia is to release data on the growth in housing prices.

Switzerland is to publish a report on its trade balance.

UK is to publish industry data on public sector borrowing.

Wednesday, September 23

Markets in Japan will be closed for a national holiday.

China will release a preliminary value of the Caixin industrial index.

The Eurozone will publish preliminary data on activity in the manufacturing and service sectors.

Canada is to release data on retail sales.

European Central Bank President, Mario Draghi, will deliver a speech on monetary policy to the Committee on Economic and Monetary Affairs in the European Parliament in Brussels.

Thursday, September 24

New Zealand will publish a report on its trade balance.

In the Eurozone, Ifo Institute will report data on the conditions of business environment in Germany.

US will publish data on orders for durable goods, number of applications for unemployment benefits, and housing sales in the primary market.

Fed Chairman, Janet Yellen, will deliver a speech at an event at the University of Massachusetts.

Friday, September 25

Japan is to publish data on consumer price inflation.

US completes the week with revised data on economic growth in the second quarter and a revised report on consumer sentiment.

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