 Today's trading remains relatively subdued, as many markets are still closed for holidays. Canadian and US Dollars are showing mild strength, while Yen struggles as the weakest currency, followed by New Zealand Dollar and Euro. Sterling, Australian Dollar, and Swiss Franc exhibit mixed performance. Most pairs and crosses stay within Friday's range, except for Yen pairs, which have been influenced by new BoJ Governor Kazuo Ueda's dovish comments. The week ahead is packed with events, including the BoC's rate decision, which may not prompt significant volatility. Meanwhile, Dollar anticipates key data releases such as CPI, PPI, retail sales, and the University of Michigan Consumer Sentiment, along with FOMC minutes. In other regions, UK GDP and Australian employment data releases are expected to carry more weight than others. |
