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Canadian Retail Sales - June 21, 15:30 MT time
UK Inflation Rate - June 22, 09:00 MT time
Canada’s Inflation Rate - June 22, 15:30 MT time
Manufacturing PMI Flash - June 23, 16:45 MT time
If Retail Sales and Core Retail Sales indicators rise, the central bank will consider tightening monetary policy.
Higher-than-expected figures will push the CAD higher against other currencies. The annual inflation in Great Britain jumped to 9% in April and may go even higher.
The GBP will strengthen if the Inflation Rate is greater than the forecasts.
Canada’s annual inflation has spiked to 6.8% in April 2022. The prices are driven by energy and commodities crises.
The CAD will rise if the inflation rate comes out higher than forecasted.
Last time, Flash Manufacturing PMI came out at 57.5 (vs. the forecast of 57.6). As a result, the USD weakened in the short term.
If the indicator outperforms the forecast this time, the USD will spike.
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