Trade balance. Canada, 15:30 (GMT+2) 04 May

04May.202314:30

Trade balance. Canada, 15:30 (GMT+2)

At 15:30 (GMT+2), in Canada will be published March data on the trade balance. The indicator consolidates the difference between the amount of payments for exported and imported goods, its increase is a positive factor for the national currency. The trade balance is expected to adjust from 0.42B Canadian dollars to 0.20B Canadian dollars. Implementation of the forecast may put pressure on the quotes of the national currency.

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04 May. 2023 13:15

Interest rate decision. EU, 14:15 (GMT+2)

At 14:15 (GMT+2), the European Central Bank (ECB) will announce its interest rate decision. The values are expected to be adjusted: the main rate will be increased to 3.75%, and the deposit rate to 3.25%. It is expected that the “hawkish” policy of the authorities will help curb unprecedented inflation. The accompanying statement of the regulator may contain an assessment of the current situation and the immediate prospects of the European economy, as well as hints at further actions of the financial authorities in the field of monetary policy.

04 May. 2023 14:30

Trade balance. USA, 15:30 (GMT+2)

At 15:30 (GMT+2), March data on the US trade balance will be published. The indicator consolidates the difference between the amount of payments for exported and imported goods, its increase is a positive factor for the national currency. It is expected that the balance deficit will slow down from –70.50B dollars to –63.30B dollars, which may still put pressure on the US dollar.

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