European Central Bank

1. European Central Bank (ECB) Interest Rate Decision

The ECB is anticipated to cut its key interest rate by 25 basis points to 2.50% on Thursday. This move aligns with ongoing efforts to stimulate economic growth amid various challenges, including U.S. tariff risks and geopolitical tensions. ​

2. U.S. Economic Indicators and Policy Announcements

Presidential Address: President Trump's address to Congress on Tuesday is expected to outline new tariffs on imports from Canada, Mexico, and China, which could impact global trade dynamics. ​

Employment Data: The February jobs report, scheduled for release on Friday, will provide insights into the U.S. labor market's health, influencing expectations for future Federal Reserve policy actions. ​

3. Geopolitical Developments in Europe

European leaders are actively pursuing a peace plan for Ukraine, boosting investor confidence. This initiative has led to rallies in defense stocks and strengthened the euro and British pound against the U.S. dollar. ​
Reuters

4. Indian Rupee and Regional Currencies

The Indian rupee is expected to appreciate alongside other Asian currencies. However, potential U.S. tariffs pose risks that could limit this upward movement. ​

5. Global Economic Calendar

Key economic data releases this week include China's Caixin Manufacturing PMI, Australia's GDP figures, Switzerland's CPI data, and Canada's employment statistics. These indicators will provide further insights into global economic conditions and potential currency movements.