Central bank decisions have been in the spotlight this week, with the Federal Reserve and the Bank of England due to issue interest rate decisions that will have a profound impact on global money markets.。Meanwhile, U.S. consumer confidence and employment reports will also shape investors' expectations of whether the Federal Reserve will cut interest rates in March。Here are the highlights of this week's financial highlights:

Dollars

MONDAY: DALLAS FED MANUFACTURING INDEX WILL SPEAK INVESTOR。Recent private sector purchasing managers' index (PMI) and fourth-quarter gross domestic product (GDP) data add to expectations of a soft landing for the US economy。A larger-than-expected decline could affect demand for the dollar。

Tuesday: Consumer confidence and JOLTs job openings will be more influential。Strong consumer confidence and rising job vacancies may lower expectations for March Fed rate cut。

WEDNESDAY: January's ADP jobs data will get investors' attention ahead of Fed decision。US labor market remains central bank focus。Tight labor market conditions support wage growth and disposable income。Rising disposable income trends drive consumer spending and demand-driven inflation。

Thursday: U.S. unemployment claims, non-farm productivity and unit labor costs need to be considered。Softer labor market conditions could affect expectations for March Fed rate cut。Manufacturing Purchasing Managers Index (PMI) is also one of the data of interest。

Friday: US jobs report will close for dollar。Wage growth, non-farm payrolls and U.S. unemployment will affect expectations for a March Fed rate cut。Other data, including the final reading of the Michigan Consumer Confidence Index for January, revisions and inflation expectations also need to be factored in.。

Euro

Tuesday: France, Germany and Eurozone Q4 GDP data will affect EUR / USD preference。The threat of a recession in the euro zone could affect the timing of the ECB's discussions on rate cuts。

WEDNESDAY: Germany's economy will be in focus, with retail sales, unemployment and inflation figures worth investors' attention。Deteriorating macroeconomic environment could drag eurozone into recession。

Thursday: Italy, France, Germany and Eurozone manufacturing PMI data to be watched。However, preliminary eurozone inflation data for January will be the focus for investors.。

Friday: Remarks by ECB Chief Economist Philip Lane (Tuesday / Thursday), Vice President Luis de Guindos (Monday) and Executive Member Anneli Tuominen (Tuesday) also need to be closely watched。

Pound Sterling

Wednesday: Pound to be affected by UK property market。A sharp fall in UK house prices could affect consumer confidence, spending and inflation trends。

Thursday: Bank of England interest rate decision in focus。Economists expect Bank of England to hold 5 on Thursday.25% interest rate。Interest rates focus on minutes of monetary policy committee meeting and Bank of England governor Andrew Bailey。

Friday: Bank of England chief economist Huw Pill will end the busy week for sterling。

Canadian Dollar

WEDNESDAY: November GDP figures will give direction to the Canadian dollar。Recovery in economic activity could delay Bank of Canada rate cut plan。

AUD

Tuesday: December's final retail sales data will affect the preference for the Australian dollar。Upward revision to preliminary data could affect expectations for February RBA rate hike。

Wednesday: Q4 inflation data will be the focus of the RBA and markets。Higher-than-expected inflation data could consolidate RBA's determination to raise interest rates。