USD/CAD/NZD Holds Firm as Dollar Strengthens and Yields Rise Key Insights

NZD: Business NZ Services Index, Survey of purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories

AUD: Monetary Policy Meeting Minutes, t’s a detailed record of the RBA Reserve Bank Board’s most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates

JPY: Revised Industrial Production m/m, it measures change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities. Forecast 0.1%.

CAD: Housing Starts, It’s a leading indicator of economic health because building construction produces a wide-reaching ripple effect. For example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various construction services are purchased by the builder. Forecast 249K.

CAD: Foreign Securities Purchases, it measures total value of domestic stocks, bonds, and money-market assets purchased by foreigners during the reported month.

USD: Building Permits, it measures annualized number of new residential building permits issued during the previous month. Forecast 1.83M.

USD: Housing Starts, It’s a leading indicator of economic health because building construction produces a wide-reaching ripple effect. For example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various construction services are purchased by the builder. Forecast 1.74M.

AUD: CB Leading Index m/m, it measures Change in the level of a composite index based on 7 economic indicators.

CHF: SNB Chairman Jordan Speaks, As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.