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Forex | Important things to watch in this week

Forex | Important things to watch in this week

  • Update Time : Sunday, September 13, 2020
  • 201 Time View
Rates unchanged before 2023: Fed; Dollar rises
Rates unchanged before 2023: Fed; Dollar rises

The US Federal Reserve is expected to keep the federal funds rate at 0-0.25% in their two-day talks starting on Wednesday. However, investors will follow Federal Reserve Chairman Jerome Powell’s remarks to see if there is a possibility of renewed stimulus and to get an idea of ​​how to implement the new average inflation target. During the talks, the Federal Reserve will release a report on new economic and interest rates, including forecasts for 2023 for the first time.

Meanwhile, data on retail sales and industrial production for the month of August will be released in this week.

Meanwhile, Canada’s inflation rate, retail sales, production data and wholesale sales data will be released among other regions of the America. Brazil’s central bank will decide on their interest rates during a meeting on Wednesday.

In the United Kingdom, the Bank of England will decide on its economic policy, but no change expected as the country is in a very precarious position with no-deal Brexit and that economic recovery from the Corona is slowing. According to the ONS, the unemployment rate has risen to the highest level in the last year and a half due to the corona virus, where wages have been falling to their lowest level since 2009. Besides, everyone will keep an eye on the country’s inflation data, retail sales, PPI.

The eurozone will also release its final consumer price estimates in August, indicating the first decline since 2016, according to previous estimates. Germany’s ZEW indicator will decline in August from its 16-year high.


China will release its industrial production, fixed asset investment, retail sales and unemployment rates this week. Meanwhile, the Bank of Japan will decide on its economic policy, but it is likely to remain unchanged. Also on Monday, Japan’s ruling Liberal Democratic Party will elect its party chief, with chief cabinet secretary and government spokesman Yoshihide Suga leading the way.

The Reserve Bank of Australia will release its latest economic policy minutes this week. Investors, on the other hand, will keep an eye on the employment data, the House Price Index.

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