The dollar reversed losses in Friday’s trading after the release of US factory orders and service sector data that made investors shrug off the jobs report, which was weaker than expected for October.
The US dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.22% at 94.83 at the end of trading. The index had fallen as low as 94.11 earlier.
In the week ahead, investors will continue to monitor the progress of the US tax reform bill in what will be a relatively quiet week for the rest of economic data.
China is to release data on trade and inflation, while monetary policy announcements from the Reserve Bank of Australia and the Reserve Bank of New Zealand will also be on the agenda.
The following is a list of this week’s most significant economic events
Monday, November 6
New Zealand will publish data on inflation expectations.
Bank of Japan Governor Haruhiko Kuroda will speak.
Canada will publish a report on the Purchasing Managers’ Index (Ivey).
New York Fed President William Dudley will speak.
Tuesday, November 7
The Reserve Bank of Australia will announce the benchmark interest rate and publish a rate statement which outlines the economic conditions and factors influencing the monetary policy decision.
The United Kingdom will publish data on house price inflation.
European Central Bank President Mario Draghi is to speak in Frankfurt.
Later in the day, Bank of Canada Governor Stephen Poloz will deliver remarks in Montreal.
Wednesday, 8 November
China will release monthly trade data.
Canada will report on building permits.
The Reserve Bank of New Zealand will announce its benchmark interest rate and publish its monetary policy statement. The announcement will be followed by a press conference.
Thursday, November 9
China will release inflation data.
Canada will produce data on new house price inflation.
The US will publish the weekly report on initial jobless claims.
Swiss National Bank Chairman Thomas Jordan is to speak at an event in Frankfurt.
Friday, November 10
The Reserve Bank of Australia will publish its monetary policy statement.
The United Kingdom will report on manufacturing output and the trade balance.
The US will round up the week with the release of preliminary data on consumer sentiment.