Summary of the most interesting economic events from the trading week 15 - 21 April 2024

Monday's recap is here! Last week was marked by inflation. Join us in recapping what we've been watching to keep you in the loop.

CAD

On Tuesday, we also saw inflation from Canada, which was rather negative for the Canadian dollar. The core inflation rate rose to 2.9 % year-on-year. Core inflation, on the other hand, slowed to 2 % in March, the lowest level since 3/2021. Overall, the data should give the central bank more confidence to start cutting rates.

What's in store for us this week?

Tuesday: PMI index in Australia, Japan, Eurozone, UK, and US

Wednesday: australian inflation rate (AUD) and canadian retail sales (CAD)

Thursday: UK GDP (GBP), US jobless claims (USD)

Friday: tokyo inflation rate and Bank of Japan (JPY) monetary policy meeting

Sources:

https://www.investing.com

https://www.forexlive.com

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