FX & CFD trading involves significant risk
Economic calendar (GMT0):
06:00 Germany Producer Price Index (MoM) May -0.1% +0.2% -0.2%
06:00 Germany Producer Price Index (YoY) May -0.9% -0.7% -0.8%
06:35 Japan BOJ Governor Haruhiko Kuroda Speaks
08:00 Eurozone Current account, adjusted, bln April 18.8 19.4 21.5
08:30 United Kingdom PSNB, bln May 9.6 11.8 11.5
The U.S. dollar traded slightly lower against the most major currencies. The U.S. currency remained under pressure due to Fed's comments that interest rates in the U.S. will remain unchanged for a considerable time after the Fed's asset purchase program ends.
Escalating violence in Iraq also weighed on the U.S. currency.
The New Zealand dollar traded slightly higher against the U.S dollar in the absence of any major economic reports in New Zealand.
The Australian dollar traded higher against the U.S. dollar in the absence of any major economic reports in Australia.
The Japanese yen traded mixed against the U.S. dollar. The Bank of Japan Governor Haruhiko Kuroda said at the annual meeting of the National Association of Shinkin Banks in Tokyo on Friday that Japan's economy has continued to recover moderately and the easing would continue until the 2% inflation target was reached. He added that the BoJ could make adjustments to hit the 2% target if required.
Mr. Kuroda pointed out the BoJ could introduce additional stimulus measures should Japan's economic activity and prices deviate from the baseline recovery scenario.
EUR/USD: the currency pair increased to $1.3625
GBP/USD: the currency pair climbed to $1.7050
USD/JPY: the currency pair declined to Y101.80
The most important news that are expected (GMT0):
09:00 Eurozone ECOFIN Meetings
12:30 Canada Retail Sales, m/m April -0.1% +0.4%
12:30 Canada Retail Sales ex Autos, m/m April +0.1% +0.4%
12:30 Canada Consumer Price Index m / m May +0.3% +0.2%
12:30 Canada Consumer price index, y/y May +2.0% +2.1%
12:30 Canada Bank of Canada Consumer Price Index Core, m/m May +0.2% +0.2%
12:30 Canada Bank of Canada Consumer Price Index Core, y/y May +1.4% +1.5%
14:00 Eurozone Consumer Confidence June -7 -6
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