Wednesday brings the latest US Durable Goods Orders, so let’s take a closer look at the Economic Calendar. First up there’s the Swiss UBS Consumption Indicator for August, which is out at 6. The Index rose to a 5-month high in July, although it did remain slightly below its long-term average.
The closely watched US Preliminary Durable Goods Orders for August follow at half past noon GMT. A drop in aircraft orders pushed the total lower in July, but the core reading showed a steady growth as strong consumer demand bolsters business investment. Coming up next at 2 o’clock is the US Pending Home Sales Index for August. Sales dropped once again in July, following a 1.3% gain a month ago which, in turn, was the only increase in 4 months. Loonie Dollar traders may want to tune in at 3:45, when Bank of Canada Governor Stephen Poloz will be speaking about the recent developments in the Canadian economy and their impact on the monetary policy; moreover, a press conference follows at 4:55. And a high importance release for Kiwi Dollar concludes the schedule at 8, when Reserve Bank of New Zealand will publish its latest Monetary Policy Statement, although no rate changes are anticipated.