The economic data for the week ahead marks a busy week for the USD.

The weekly economic data includes the FOMC meeting that is due this week.

The Fed is expected to keep interest rates unchanged at this week’s event.

Economic data will include the ISM manufacturing and the ADP private payrolls followed by Fridays payrolls report.

Data from elsewhere includes New Zealand’s quarterly unemployment data during the week.

The UK’s PMI‘s across manufacturing, construction and services sector will cover the period of March.

Data from the Eurozone will cover the flash inflation estimates over the week.

Canada’s GDP data is also expected over the week.

Eurozone GDP data will see the preliminary report coming out this week.

Eurozone inflation and GDP data on the tap

Economic data from the Eurozone this week will see the release of the inflation and GDP data and the manufacturing and services PMI data.

The flash inflation reports showed that economic activity slowed down during the month of April and the final PMI report is expected to reflect the same.

The Eurozone GDP data for the quarter ending March 2018 will also be released during the week.

GDP growth is expected to rise at a slower pace.

In the last quarter of 2017, the Eurozone GDP growth was seen rising at a pace of 0.6% leading to an annual GDP growth of 2.7%.

Other economic data from the week includes the unemployment rate as well.

Flash inflation estimates will be coming out as well for the month of May.

Consumer prices in the Eurozone have remained subdued over the past few months and this is expected to continue over the month as well.

The economic data is likely to bring some volatility to the markets this week.