How will this week’s economic calendar impact the markets?
by 24 May 2021-
This is the ActivTrades weekly. Every Monday we analyze the economic calendar, and identify key events focusing on how they may impact the markets.
This week we will cover a range of topics including the Royal Bank of New Zealand policy statement, U.S. GDP numbers for Q1 and EU consumer confidence and business climate surveys. We’ll start our weekly preview by looking at the New Zealand’s Central Bank Monetary Policy statement to which will be released on Wednesday. The kiwi dollar has been under pressure over the last few months with a lackluster performance that left many analysts scratching their heads trying to figure out the reasons behind the currency’s weakness. New Zealand’s data has been strong
recently and the medium-term outlook for the U.S. dollar is bearish, however the kiwi is so far this year struggled to rise above the 0.73 level. This may change several countries in the asia-pacific region recently imposed fresh lockdowns which could end up weakening their currencies, a scenario that may trigger support for the kiwi dollar.
Learn more by watching our full video, by clicking on the link above.
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