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This week's exchange rate news

Monday, January 11, 2010

Last week we saw some volatility in many exchange rates, as mixed data during the week generally kept markets on their toes. The much weaker than expected jobs data from the USA on Friday meant the dollar weakened (became cheaper) while the Bank of England, as expected, kept interest rates and quantitative easing at the same levels on Thursday...

This week we have crucial inflation, trade balance and house price data out in the UK, Europe and USA. If you are sending money to France, Spain or anywhere in the Eurozone, the speech following the monthly European interest rate decision on Thursday can cause some movement in rates. For US dollars, the monthly budget statement on Wednesday evening is worth checking.

Whatever currency requirements you have, do speak to a dedicated currency company for the latest news and views.

This week's economic calendar:

Monday 11^th

ECB President Trichet's speech

0815 - Swiss retail sales

1315 - Canadian house building figures

Tuesday 12^th

British Retail Consortium survey

0030 - Australian home loans

0930 - UK house price index & trade balance

1330 - Canadian house price index

1330 - US trade balance

Wednesday 13^th

0930 - UK industrial & manufacturing production

1000 - Eurozone industrial production

1900 - monthly US budget statement

Thursday 14^th

0030 - Australian unemployment rate

0700 - German CPI inflation

1245 - ECB monthly interest rate announcement

1330 - US import prices, retail sales & jobless claims

Friday 15^th

1000 - Eurozone CPI inflation & trade balance

1330 - US CPI inflation

1455 - US consumer sentiment index

Picture by Jeff Belmonte

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