On Tuesday, the RCM/TIPP Economic Optimism Index needs consideration. An upward trend in sentiment toward the economy could drive buyer demand for the US dollar.
The US labor market will be under the spotlight on Thursday. Another upswing in jobless claims could raise bets on a March Fed rate cut.
Beyond the numbers, investors must monitor FOMC member speeches. FOMC members Barkin (Wed/Thurs), Bostic (Mon), Bowman (Wed), and Mester (Tues) are on the calendar to speak. Views on the economic outlook, inflation, and the Fed rate path would move the dial.
The EUR
On Monday, trade data from Germany will kickstart the week for the EUR/USD. A slide in exports would support rising expectations of a Q1 economic recession. However, service sector PMIs for January also need consideration later in the session. An upward revision to the preliminary PMI numbers and the PMI from Italy would move…
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