After a rather boring week with limited economic data, this week’s prospects offer a lot more opportunity for movements in other currency markets. The busiest of the bunch is the Canadian economy, which will release its growth figures on Tuesday – these are expected to remain at last month’s levels of 0.1%. On Friday we will see Canadian employment data as well as the trade balance. The employment change is supposed to be negative for the first time since July.
There will be manufacturing data early tomorrow morning from the Chinese economy. This is expected to remain below 50, a position it has been in since September. Results below 50 express contraction within the manufacturing industry, which has been apparent since Chinese stocks crashed in June.
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