With the beginning of the last quarter of 2018, attention will be focused this week on a few data and economic events. Before the deadline, the United States and Canada reached an agreement on the North American Free Trade Agreement (NAFTA) on Sunday evening, bringing the Canadian dollar to its highest level in four months.
Below are highlights of highlights this week:
RBA Rate Decision
The Reserve Bank of Australia has not changed interest rates for more than two years and is widely expected not to change when it meets early morning on Tuesday. So far, the Australian economy is going well and with RBA reference to exchange rate we may see an impact on the Australian dollar's movement.
US Employment Data
The market's attention this week will be focused on U.S. non-farm employment data, especially wage figures. The economy added 201,000 jobs in August and is expected to add 188,000 in September, and wages are expected to rise by 0.3% per month and 3% annually after exceeding expectations in August, and unemployment to fell to 3.8%.
Canadian Employment Data
The Canadian economy lost 51.6 thousand jobs in August, and is expected to add 32.5 thousand jobs in September and unemployment to 5.9%.
