Weekly Outlook: ECB rate decision and US wage figures
Key events for wealth managers for the week beginning 3 June
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Key events for wealth managers for the week beginning 3 June
EUR/USD closes week higher at 1.08360, navigating choppy trading amid mixed US data. ECB's policy meeting & US inflation data to influence near-term dynamics.
The USD/JPY price turned upside after reaching yesterday’s low of 146.65. The pair has climbed as high as 147.87 today.
Stay informed about the upcoming monetary policy announcements, economic data releases, and potential rate changes by central banks including the Bank of Japan, Bank of Canada, and European Central Bank. Expectations for rate hikes, rate cuts, and inflation data will influence market sentiment and trading opportunities. Keep an eye on Japan's CPI, US Core PCE Price Index, and Personal Income and Spending data for insights into consumer behavior and economic growth.
Expect sustained bullish momentum for EUR/USD amid fluctuating U.S. economic data. Key insights on price trends, ECB, and Federal Reserve actions.