Trade balance. USA, 15:30 (GMT+2) 07 Nov

07Nov.202314:30

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

At 15:30 (GMT+2), September data on the US trade balance will be published. This indicator records the difference between the amount of payments for exported and imported goods; its increase is a positive factor for the national currency. The balance sheet deficit is expected to widen from –58.30B dollars to –60.30B dollars, putting pressure on the American dollar.

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07 Nov. 2023 11:00

Producer price index. EU, 12:00 (GMT+2)

At 12:00 (GMT+2), September data on the producer price index in the EU will be published. The indicator reflects changes in the price of goods at the wholesale level (raw materials, semi-finished products and final goods are taken into account). Increasing prices for producers contributes to the growth of consumer inflation in the region. If the value accelerates the negative dynamics from –11.5% YoY and 0.6% MoM, it will put pressure on the euro.

07 Nov. 2023 14:30

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

At 15:30 (GMT+2), September trade balance data will be published in Canada. This indicator records 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 accelerate from 0.72B Canadian dollars to –1.50B Canadian dollars. The implementation of the forecast may have a negative impact on the positions of the national currency.

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