Pound (GBP)
Barring any significant revision to the UK’s latest services PMI, the pound (GBP) faces a quiet domestic calendar this week, leaving Sterling largely at the mercy of broader currency market trends.
Euro (EUR)
France’s worsening debt situation could weigh heavily on the euro (EUR) this week, while Germany’s latest industrial figures may add to the pressure if they point to further weakness across the country’s crucial manufacturing sector.
US dollar (USD)
The minutes from the Federal Reserve’s September policy meeting could provide a fresh catalyst for the US dollar (USD) this week, with a dovish tone potentially dealing another blow to expectations for an October rate hike.
Australian dollar (AUD)
Australia’s latest consumer confidence figures could weigh on the Australian dollar (AUD) this week if they show household morale deteriorated further heading into October.
South African rand (ZAR)
With domestic data in short supply, the South African rand (ZAR) is likely to remain exposed to broader market trends this week, with elevated oil prices potentially undermining sentiment towards emerging market currencies.
Canadian dollar (CAD)
Canada’s latest employment figures will be closely monitored by CAD investors this week. A further rise in unemployment through September could weaken Bank of Canada (BoC) rate hike expectations and put fresh pressure on the Canadian dollar (CAD).
New Zealand dollar (NZD)
In the absence of any significant domestic releases, movement in the New Zealand dollar (NZD) is likely to remain tied to wider risk dynamics this week, potentially leaving the ‘kiwi’ vulnerable if investor sentiment deteriorates further.
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