The first September recap is here! Let's recap together what happened at the end of the month.
USD
Thursday's U.S. jobless claims fell by 2,000 from the previous week to 231,000 for the period ending August 24, in line with expectations. This slight decline shows improvement, which marks us positive news for the USD for the first time in a while, although claims are therefore still above average.
What's in store for us this week?
Monday: PMI (Australia, Japan, France, Germany, Eurozone, UK), Swiss retail sales
Tuesday: GDP and inflation rate from Switzerland, US PMI
Wednesday: Australian GDP, PMI (France, Germany, Eurozone, UK), Eurozone PPI, Bank of Canada meeting
Thursday: Swiss labour market, PMI (France, Germany, UK, US), Eurozone retail sales, US jobless claims
Friday: eurozone, US and Canadian labour markets
This week, the market will focus mainly on Wednesday's BoC meeting, which is estimated to cut the key interest rate by 25 bp. Although a 50bp rate cut cannot be ruled out. Next, we will focus on the US labour market to end the week.
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