With the August meeting covid jitters now behind the RBNZ, the coast is clear for them to start their planned hiking cycle with a 25-basis point hike in the week ahead.

The AUD is the biggest under-performer among the major currencies after it found a peak back in February.

The incoming jobs data will be critical to the markets, as the data will give us a hint on whether the Fed will choose a slow or fast taper.

Attention turns to the incoming US CPI print to see whether we have any stronger than expected acceleration or deceleration in price pressure.

The RBA took markets by surprise at their August meeting by deciding to stick to their planned September tapering.

Markets will be watching Fed Chair Powell closely for signs of an unofficial hint for when tapering might start.

The real question is whether the bank will be able to live up to the market’s expectations.

With a quiet week ahead, our attention turns to the USDJPY, where recent events could see potential upside in the pair.

It’s going to be an important week for the Aussie Dollar with an RBA policy decision on the horizon.

It’s an action-packed week for the US Dollar with another FOMC policy decision, a first look at Q2 GDP and an update for US PCE.