USDCAD Weekly viewThe US dollar rose against its major trading partners early Friday, except for a decline versus the yen, ahead of the release of personal income, spending, and price data and advance trade and inventory data, all for February, at 8:30 am ET, with most US markets closed for Good Friday.
Chicago PMI and Kansas City Federal Reserve services data for March follow at 9:45 am ET and 11:00 am ET, respectively. Updates to the Atlanta Fed and St. Louis Fed GDP nowcast series are expected around midday.
Fed Chairman Jerome Powell is scheduled to participate in a live discussion on monetary policy at 11:30 am ET after comments from other Fed officials this week that there could be fewer rate cuts this year than previously forecast due to stronger-than-expected data.
Powell is also likely to be asked about the PCE price data released earlier in the day and the impact of the collapse on the Francis Scott Key Bridge in Baltimore earlier this week on the supply chain and inflation.
San Francisco Fed President Mary Daly will make opening remarks before the discussion with Powell begins.
