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Week Ahead – Bank of Canada ponders raising rates again; Aussie eyes jobs data and China GDP
The Canadian and Australian dollars will be in focus next week as the Bank of Canada holds its first monetary policy meeting of the year, while Australian employment and Chinese growth figures will test the aussie’s recent bull run. Other highlights will include inflation data out of the UK and the Eurozone. But the US will see a quieter week in terms of economic releases. Positive numbers from China could spur the Australian dollar higher to back above $0.79, after testing the level on Friday for the first time since September 2017. However, data out of Australia should also attract bets in the aussie/dollar pair ... (full story)