Headlines the Economic Calendar on Wednesday
1. UK Retail Sales
UK Retail Sales will be published today. UK Core Retail Sales excluding auto and gas are expected to rise to 2.9% y-o-y from 0.8% growth in the previous number. A higher than expected reading should be taken as positive for the Sterling.
2. Canada Inflation Data
The Canada CPI is expected to come out at 01% m/m and y/y inflation is expected to stay at 2.2% in December. On the other hand, Core CPI is expected to be 1.9%.
3. US Existing-Home Sales
Existing Home Sales measure monthly sales of previously owned single-family homes and is expected to rise by 1.3% m/m in December. If the data post a weak performance as indicated by the consensus estimate, it would be negative for the US Dollar.
4. Bank of Canada Rate Decision
The Bank of Canada is widely expected to keep interest rates on hold today. The Rate Decision is due at 15:00 GMT today with a press conference to follow an hour later. Any surprising revision would lead to volatility in Canadian Dollar this week.
22 Jan 20 (Wed)
06:22 am
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