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Economic calendar (GMT0):
01:00 Australia Consumer Inflation Expectation June 4.4% 4.0%
01:30 Australia Changing the number of employed May 10.3 10.3 -4.8
01:30 Australia Unemployment rate May 5.8% 5.9% 5.8%
06:45 France CPI, m/m May 0.0% +0.1% 0.0%
06:45 France CPI, y/y May +0.7% +0.8%
08:00 Eurozone ECB Monthly Report June
09:00 Eurozone Industrial production, (MoM) April -0.3% +0.5% +0.8%
09:00 Eurozone Industrial Production (YoY) April -0.1% +0.9% +1.4%
The U.S. dollar traded mixed against the most major currencies ahead of the U.S. initial job claims and retail sales. The number of initial jobless claims should decline by 6,000 to 306,000.
Retail sales in the U.S. should climb 0.5% in May, after a 0.1% gain in April. Retail sales excluding autos should increase 0.4%.
The euro traded lower against the U.S. dollar. Market participants remained unimpressed by the better-than-expected industrial production in the Eurozone. The industrial production in the Eurozone increased 0.8% in April, beating expectations for a 0.5% gain, after a 0.3% decline in March.
On a year-over-year basis, Eurozone’s industrial production rose 1.4% in April, exceeding expectations for a 0.9% increase, after a 0.1% fall in March.
The British pound traded higher against the U.S. dollar. The British currency was still supported by the yesterday’s strong U.K. labour market data. The U.K. unemployment rate fell to 6.6% in the three months to April. Jobless claims (claimant count) declined by 27,400 in May.
The Canadian dollar traded mixed against the U.S. dollar ahead of the new housing price index in Canada and the speech of the Bank of Canada Governor Stephen Poloz. The new housing price index in Canada should rise 0.3% in April, after a 0.2% gain in March.
EUR/USD: the currency pair declined to $1.3510
GBP/USD: the currency pair climbed to $1.6839
USD/JPY: the currency pair traded mixed
The most important news that are expected (GMT0):
12:30 Canada New Housing Price Index April +0.2% +0.3%
12:30 U.S. Retail sales May +0.1% +0.5%
12:30 U.S. Retail sales excluding auto May 0.0% +0.4%
12:30 U.S. Initial Jobless Claims June 312 306
12:30 U.S. Import Price Index May -0.4% +0.2%
14:00 U.S. Business inventories April +0.4% +0.4%
15:15 Canada BOC Gov Stephen Poloz Speaks
22:30 New Zealand Business NZ PMI May 55.2
22:45 New Zealand Food Prices Index, m/m May +0.6%
22:45 New Zealand Food Prices Index, y/y May +1.5%
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