On Monday and Tuesday, the focus will be on the US consumer - the market will get reports on US new home sales, durable goods orders and consumer sentiment index from the Conference Board. So far, the US economy is showing no serious signs of slowing, curbing pessimism in the stock market despite the delay in coronavirus aid from the government.

On Wednesday, the key event will be the interest rate decision from the Bank of Canada, and the piece of crucial for AUD economic data will come from Australia - this will be CPI for the third quarter.

Thursday of next week can be called central bank day. On this day, decisions in policy will be announced by the Bank of Japan and the ECB. The market expects hints from the ECB on new easing as forecasts for the EU economy rapidly deteriorate due to the rise in coronavirus cases. The Bank of Japan is not expected to announce anything new.

On Friday, the focus will be on the CPI of the Eurozone, as well as labor statistics in Germany. Weak EU inflation data could skew the odds towards more policy easing from the ECB in December, which may increase pressure on the European currency.

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