FX Outlook – What to Expect for FOMC, US Retail Sales and BoE

This will be a busy week for the forex market. There are three central bank meetings, U.S. retail sales, New Zealand Q4 GDP, Australia’s employment report and Canadian retail sales scheduled for release. The main focus will be the Federal Reserve’s monetary policy announcement but every one of these events could have meaningful impact on currencies that could lead to interesting cross moves. The U.S. dollar kicked off the week with gains against most currencies despite a pullback in Treasury yields. Manufacturing activity in the New York region accelerated with the Empire State index rising to 17.4 from 12.1. … (full story)

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