There is very little data scheduled this week with the exception of the U.S. and Australian Dollars. Regarding the USD, this week will see the key monthly event in the Forex news calendar: the FOMC statement, which will be eagerly watched as it is the last chance for the Fed to “warn” the market before a possible first rate hike on next month's Statement date. There are also several pieces of key economic data that will be released.

Apart from that, there is little else likely to happen of much importance.

U.S. Dollar

This will be a busy and important week for the USD with the highlight coming on Wednesday with the release of the FOMC Statement and the Federal Funds Rate. The greenback's week begins on Monday with Core Durable Goods Orders, followed on Tuesday by CB Consumer Confidence Data. Finally on Thursday we will get Advance GDP and Unemployment Claims numbers.

Australian Dollar

On Thursday there will be a release of Building Approvals data and the Governor of the RBA will be speaking at a forum. This will be followed on Friday by PPI numbers.

Euro

It should be a quiet week for the Euro, with nothing scheduled except Monday's German IFO business Climate data.

British Pound

It will probably be a quiet week for the Pound, with nothing scheduled except Tuesday's Preliminary GDP data.

New Zealand Dollar

There is nothing important scheduled for the Kiwi this week with the exception of Friday's ANZ Business Confidence data.

Canadian Dollar

It will probably be a quiet week for the Loonie, with nothing scheduled except Friday's GDP data.