Week Ahead in FX: 19, Sep – 23, Sep

Major News & Economics Events:

FOMC interest rate hike (Sept 21, 11:30 pm IST) – Surprisingly higher and stickier inflation in August led some market players to price in a 100 basis point interest rate hike from the Fed last week.

BOJ’s policy announcement (Sept 22, Asian session) – Markets don’t expect the Bank of Japan (BOJ) to make monetary policy changes this week.

SNB’s monetary policy decision (Sept 22, 01:00 pm IST) – A report printed earlier this month showed Switzerland’s annualized inflation at 3.5% in August, still higher than Swiss National Bank’s (SNB) “less than 2% per year” target.

BOE’s interest rate hike (Sept 22, 04:30 pm IST) – Recall that the Bank of England’s (BOE) Monetary Policy Committee (MPC) postponed its decision by a week to observe the death of Queen Elizabeth II.

Other notable central bank events – Other non-decision central bank events that may cause ripples in the central bankers’ local currencies include RBNZ Gov. Orr’s climate change-themed speech today at 08:30 am IST, RBA’s meeting minutes on Sept 20, 07:00 am ISTECB President Lagarde’s speech on Sept 20, 10:30 pm IST, and FOMC Gov. Powell’s opening remarks on Friday at 10:30 pm IST

Source: forexfactory.com

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