Summary:
- Canadian jobs report to be released this afternoon
- US consumer confidence data for October on the agenda on Friday
- Trump and Liu He are going to meet this evening (afternoon in Washington)
1:30 pm BST - Canadian jobs report for September: The Canadian dollar has rather underperformed its major peers in the G10 basket over the recent month (only AUD and NZD have lost more - we exclude Scandinavian currencies here) and this outcome has come despite rather muted expectations regarding rate cuts there (barely 30% odds for a cut in December). Thus, incoming data should be crucial in assessing how much potential left for the Loonie yet. The consensus implies employment to has grown 7.5k after jumping more than 80k in August. At the same time, the jobless rate should stay at 5.7% while hourly earnings at 3.8% YoY.
3:00 pm BST - UoM index on US consumer confidence: It will be a preliminary print for October and the Bloomberg median estimate suggests a slight deterioration to 92 from 93.2 seen in the previous period. The data will be another piece to assess how a US consumers’ position has evolved of late given the recent changes in monetary policy as well as further trade frictions with China.
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Open account Try demo Download mobile app Download mobile app7:45 pm BST - A meeting between Donald Trump and Lie He in Washington on foreign trade
Central bankers’ speeches:
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11:30 am BST - ECB’s Guindos
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1:30 pm BST - Fed’s Kashkari
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6:15 pm BST - Fed’s Rosengren
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8:00 pm BST - Fed’s Kaplan
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