The Australians are the busiest nation in terms of data releases this week, with important announcements expected tomorrow and Thursday. Tomorrow morning, Governor Stevens is set to speak, an event that usually inspires market fluctuations. Thursday’s publishing of the Private Capital Expenditure data is expected to be 1.2% better than last quarter, although this particular release has failed to reach expectations all year.
Japan also releases its key data on Tuesday and Thursday, including Tokyo CPI data. It is expected to be at -0.1%, slightly better than last month’s results.
Are you looking to buy or sell currencies? This week’s events are likely to cause currency rate fluctuations, so contact your trader for the latest rates, news and currency purchasing strategies.