Key events upcoming week: Fed meeting minutes, RBNZ and RBA decisions in focus.

Busy week ahead with central banks, UK economic indicators, and Chinese stats in focus.

The upcoming week will feature several significant events on the economic calendar that will impact different currencies:

US Dollar (USD): Retail sales figures on Tuesday will influence market sentiment towards the US economy and the upcoming Fed interest rate decision in September. Weak retail sales could hinder the possibility of a rate hike, while the FOMC meeting minutes on Wednesday will provide further insight into the Fed's stance. US jobless claims on Thursday will also be monitored for any impact on the Fed's outlook.

Euro (EUR): ZEW Economic Sentiment figures for Germany and the Eurozone on Tuesday will be of interest. Eurozone GDP numbers on Wednesday, followed by trade data and inflation figures on Thursday and Friday, are expected to have a more significant impact on the Eurozone economy.

British Pound (GBP): On Tuesday, wage growth, claimant counts, and the UK unemployment rate will be important indicators for the Pound. Strong wage growth and a stable unemployment rate would support hawkish Bank of England (BoE) policy expectations. Inflation numbers on Wednesday and retail sales figures on Friday will also affect GBP/USD, influencing further speculation on BoE policy.

Canadian Dollar (CAD): Tuesday's inflation numbers for July will be crucial for the Canadian Dollar. Higher-than-expected inflation figures could put pressure on the Bank of Canada (BoC). Wholesale sales, housing starts, and RMPI numbers will have a limited impact on the Loonie.

Throughout the week, market participants should pay attention to any comments or statements from the Bank of England (BoE) and Bank of Canada (BoC) officials, as they could impact the respective currencies.

Australian Dollar (AUD): The upcoming week for the AUD is relatively quiet. Wage growth figures for the second quarter will be important, along with employment numbers on Thursday, as they will impact market sentiment towards the Reserve Bank of Australia's (RBA) monetary policy goals. The RBA meeting minutes on Tuesday will also be of interest following this month's surprise hold.

New Zealand Dollar (NZD): It's an important week for the NZD. Producer price figures for the second quarter will draw attention on Thursday. The impact on the NZD will depend on the Reserve Bank of New Zealand's (RBNZ) response. On Wednesday, the RBNZ will announce its August interest rate decision, with expectations of the cash rate remaining at 5.50%. However, the RBNZ has the tendency to surprise the markets.

Japanese Yen (JPY): A busy week ahead for the JPY. Q2 GDP and industrial production figures on Tuesday will be closely watched for any potential indications that the Bank of Japan (BoJ) might move away from its ultra-loose monetary policy. Trade data on Thursday, followed by July inflation figures on Friday, could also influence BoJ monetary policy expectations.

About China

Another busy week is anticipated for China. On Tuesday, industrial production, retail sales, fixed asset investment, and unemployment numbers will be in focus. After disappointing trade and inflation figures from the previous week, these indicators will impact market risk sentiment.

It is advisable to closely monitor these economic indicators and the corresponding central bank actions for insights into currency movements in the Asian region.