The currency markets are awaiting the release of many economic reports and data during this week, from September 18 to 22, which will have a major impact on various currencies, most notably the US dollar, which is awaiting the US Federal Reserve’s interest rate decisions this week. Among the most important of these data are the following:
Results of the Australian Reserve meeting
It is issued on Tuesday at exactly 1:30 am GMT, and these results always have a strong impact on the movements of the Australian currency, especially since these results give clear indications and a clearer picture of the circumstances of the recent monetary policy decision, and this in turn gives hints about the next monetary policy decision, which is... It has a strong impact on the Australian dollar's trading against other currencies.
Currency markets and Canadian inflation data
It will be issued on Tuesday at 12:30 pm GMT, amid expectations that monthly Canadian inflation will grow by 0.1% last August, and therefore the currency markets will closely monitor the release of this data, especially since it is expected to have a strong impact on the Canadian dollar if it comes higher. Or below currency market expectations.
Currency markets and inflation data in Britain
It will be issued on Wednesday at 6:00 AM GMT, amid expectations that British inflation will grow to 7.1% by the end of last August, and therefore the currency markets will closely monitor the release of these data, especially since it is expected to have a strong impact on the sterling because it may give the Bank of England a message. Whether or not to continue monetary tightening.
US Federal Reserve decisions and currency market movements
It will be issued on Wednesday at 06:00 pm GMT, amid expectations that the US Federal Reserve will move to keep interest rates unchanged to settle at the level of 5.50% during this meeting, coinciding with the calming pace of US inflation, which requires caution before making any decision regarding the next monetary policy. Therefore, these decisions will have a very strong impact on the movements of the currency markets, specifically the US dollar, especially since the interest statement, economic expectations, and the US Federal Reserve Governor’s press conference may give a more detailed explanation of the monetary policy this year, and this will have greater repercussions on the movements of the currency markets.
Currency markets and Bank of England decisions
It will be issued on Thursday at 11:00 am GMT, amid expectations that the Bank of England will raise interest rates by about 0.25% during this meeting only to rise to 5.50%, and this decision will strongly affect the movements of the sterling against other currencies, especially since the markets are demanding that the bank tighten monetary policy significantly. It will be greater in the coming period, especially with the continued high British inflation. Therefore, the currency markets will monitor this decision very carefully due to its expected repercussions on the movements of the sterling against other currencies.
Bank of Japan decisions and currency market movements
It is issued early on Friday morning, and expectations indicate that the Bank of Japan will keep the monetary policy without adjustment, but the statements of the Governor of the Bank of Japan during the bank’s press conference may be strongly reflected in currency market trading, especially since it always gives a hint about the future of Japan’s monetary policy and the mechanism for controlling it. The yield curve, and therefore, these decisions are expected to have a strong impact on the yen's movements in the currency markets.
