This week is extremely busy for the commodity currencies, with major releases out each day. Today sees the release of New Zealand’s NZIER business confidence data, which fell drastically last quarter, so better results are need this time around to support sentiments surrounding the New Zealand economy.
Australia has a very busy day tomorrow, with three major data releases including cash rate data, which is expected to stay at 2%.
Significant data releases from Canada starts on Tuesday, with trade balance data due. It reaches its pinnacle on Friday, with the employment change and unemployment rate due, which could effect changes in the market.
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