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Economic calendar (GMT0):
03:20 Australia RBA Assist Gov Kent Speaks
05:00 Japan BoJ monthly economic report June
09:00 Eurozone Harmonized CPI May +0.2% -0.1% -0.1%
09:00 Eurozone Harmonized CPI, Y/Y (Finally) May +0.5% +0.5% +0.5%
09:00 Eurozone Harmonized CPI ex EFAT, Y/Y May +0.7% +0.7% +0.7%
The U.S. dollar traded higher against the most major currencies ahead of the release of economic reports in the U.S. The U.S. currency was supported by concerns over escalating violence in Iraq.
The euro traded lower against the U.S. dollar. Eurozone’s harmonized consumer price index declined 0.1% in May, meeting expectations, after a 0.2% gain in April. On a yearly basis, harmonized consumer price index in the Eurozone climbed 0.5%, as expected.
The core inflation (excluding energy and food) in the Eurozone rose 0.7%, in line with forecasts.
The British pound traded lower against the U.S. dollar, but remained supported by the last week’s comments of the Bank of England (BoE) Governor Mark Carney. He said the BoE may raise its key interest rate earlier than investors expected.
The Canadian dollar dropped against the U.S. dollar ahead of the foreign securities purchases in Canada. The foreign securities purchases in Canada should rise to 4.27 billion CAD in April, after -1.23 billion CAD in March.
EUR/USD: the currency pair declined to $1.3511
GBP/USD: the currency pair decreased to $1.6958
USD/JPY: the currency pair traded mixed
The most important news that are expected (GMT0):
12:30 Canada Foreign Securities Purchases April -1.23 4.27
12:30 U.S. NY Fed Empire State manufacturing index June 19.0 15.2
13:00 U.S. Net Long-term TIC Flows April 4.0 41.3
13:00 U.S. Total Net TIC Flows April -126.1
13:15 U.S. Industrial Production (MoM) May -0.6% +0.6%
13:15 U.S. Capacity Utilization May 78.6% 78.9%
14:00 U.S. NAHB Housing Market Index June 45 47
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