Here come the fresh market updates!
The RBA cash rate – March 1, 05:30 MT time
BOC Overnight Rate – March 2, 17:00 MT time
US NFP and Unemployment Rate – March 4, 15:30 MT time
It's time for the
Reserve Bank of Australia to update its cash rate and make a rate statement. Since November 2020, the cash rate remained flat at 0.1% without any surprising movements. If the actual rate is higher than “Forecast”, the currency will benefit.
The
Bank of Canada will release the overnight rate. After the last Overnight Rate release, CAD lost 1200 pts to USD. This shows that the currency may need stronger actions from BOC. The higher-than-expected rate will affect the currency positively.
Now, the
US unemployment rate is close to pre-pandemic times. As for NFP, the result was greater than expected – 467K vs. 110K. After the last month’s release, the USD boosted and held high for several days. If actual numbers beat expectations – the USD will rise.
Consider these events when planning your market activity.
