We end this week with CPI in Canada and ECOFIN Meetings in Europe as the major events of the day. Here is an outlook on the market-movers awaiting us.
In Canada, Retail Sales, value all the sales at the retail level, rise up to 0.2% is likely this time. and similar rise is due on the Core Retail Sales (without cars), up by 0.2% from May.
Later in Canada, CPI, consumers price Change of goods and services, up to 0.4% from -0.2% on the last time. Core CPI (not including the 8 most volatile items), 0.3% is likely from 0.1% on May.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Current Account linked to currency demand and value the difference between imported and exported goods, services and so on, 15.1B is likely from 25.9B on the last month.
Later in Europe, The Economic and Financial Affairs Council (ECOFIN) Meetings is held in Brussels and attended by Finance Ministers from EU member states. It is the Eurozone’s broadest financial decision making body that effect on the Eurozone’s economic health.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Public Sector Net Borrowing Difference in value between spending and income for public corporations, the central government, and local governments during the previous month 12.7B 8.0B
Read more about the Pound in the GBP/USD forecast.
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