After a packed calendar last week, this one looks lighter—but there are still key events across major economies likely to drive FX market movement.
India Tariffs and Oil Prices
U.S. President Donald Trump has announced plans to raise tariffs on Indian imports, citing India’s continued purchase and resale of Russian oil. The White House rightly claims this undermines sanctions and helps fund the war in Ukraine. India’s Ministry of External Affairs called the move “unjustified and unreasonable.”
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New Zealand Jobs Data — Wednesday
New Zealand’s Q2 unemployment rate is expected to rise from 5.1% to 5.3%, the highest level since late 2015. With inflation back within the RBNZ’s 1–3% target range, a soft labour print could provide the final justification for a rate cut at the next policy meeting.
Bank of England Rate Decision — Thursday
The BoE is widely expected to cut its policy rate by 25 basis points this week, responding to slowing economic momentum despite ongoing inflation concerns. Traders will closely watch Governor Bailey’s remarks to gauge whether this marks the start of a broader easing cycle or a single adjustment.
For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox.
The post Tariffs, NZ unemployment, and rate cuts: Highlights for the trading week appeared first on BlackBull Markets.
