EU Economic Summit, Inflation data in the UK and the US German Economic Sentiment, US Retail sales, Employment data from the UK and the US, Rate decision in Japan, the UK and Canada and Janet Yellen’s testimony are the main market movers on Forex calendar. Here is an outlook on the highlights of this week.
Last week the Federal Reserve released the minutes from its June meeting, showing policymakers were concerned about Greece’s debt crisis, saying failure to reach an agreement may result in disruptions in financial markets in the euro area and possibly ricochet into the US economy. The rate hike timeline was also discussed, as mixed economic data made it harder for the Fed to initiate such a move in June. Many members were determined to receive further solid data before deciding to raise rates.
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