This week comes with a few events and important economic data, and most of the trading on the first day of the week is relatively calm, following the recovery of the US dollar with the positive data on the US labor market at the end of last week.
Below are highlights of this week:
Tuesday - US inflation data
US inflation data is expected to be released for February as the CPI is expected to slow and rise only by 0.2%, after rising by 0.5% in January, and on an annualized basis, expected to rise by 1.8%. The continued rise in inflation near to the target of the Federal Reserve supports the continuation of the monetary tightening policy and thus the rise in interest rates.
Wednesday - New Zealand growth data
New Zealand's growth data for the fourth quarter of 2017 will be released, and GDP is expected to grow by 0.8% on quarterly basis, following growth of 0.6% in the third quarter of the year and 2.7% on yearly basis.
Thursday - Swiss interest rate decision
The Swiss National Bank's monetary policy decision is due to be announced. Most expectations are that interest rates will remain unchanged at -0.75% and that the Bank will continue to intervene in the foreign exchange market if necessary.
Friday - Euro zone inflation data
Inflation data for the euro area will be released for February, and the consumer price index is expected to rise by 1.2%, the same as the previous reading. While core consumer price is expected to rise by 1.2%.
