Look ahead: PCE; Australia data; Japanese intervention watch; FedEx
The week will be dominated by US PCE , but ahead of that, look out for data from Australia that could move carry trades, especially with expected yen intervention. Plus, FedEx releases earnings.
Data coming out of Australia, Canada and the US
In the financial "Look ahead" for 25 June, key insights include a slight dip in Australian Westpac consumer confidence and the Australian dollar's dynamics influenced by potential yen interventions. Canadian inflation is slightly easing but remains high due to service sector prices. In the US, the spotlight is on the Chicago Fed national activity and S&P/ Case-Shiller home price indexes, alongside CB consumer confidence data and API crude oil inventories.
EUR/USD
The EUR/USD pair shows significant volatility amidst ambiguous Federal Reserve rate cut signals. FedEx's earnings are particularly notable, reflecting broader economic trends due to its diverse operations and recent cost-cutting measures, providing insights into global economic health via freight demand trends.
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