G10 FX Week Ahead: RBA, FOMC Meeting Eyed – Nomura

By FXStreet David Wagner, Global FX Strategist at Nomura, outlines this week’s headline events, with the FOMC minutes (Wednesday 19:00 GMT), RBA (Tuesday 05:30 GMT) and China FX reserves on Thursday, the main releases.

Key Quotes

“It will be relatively light on the data front for the U.S. next week, where the minutes of from the March 15-16 FOMC meeting will likely be the focus. While the FOMC did not change its interest rate targets in its last meeting, it did signal that it expects to raise rates more slowly than its previous forecast implied.”

“The minutes should give us an insight into how the various participants assessed the balance of risks at the time of the FOMC meeting and the reasoning behind the lowering path of policy expectations.”

“We will also be tracking discussions on realized inflation, inflation expectations and the outlook for inflation. On the trade balance, based on the advance report, our economists forecast that the trade balance widened to -$46.8bn in February from -$45.7bn in January.”

“In Europe, a number of ECB speakers are likely to be the focus next week alongside the ECB account of the policy meeting.”

“Continuing on the central bank front, the RBA holds its policy meeting on Tuesday. …read more

Source:: FX Street