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Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
02:35 Japan Manufacturing PMI (Finally) January 52.1 Revised From 49.8 49.8 52.2
02:45 China HSBC Manufacturing PMI (Finally) January 49.8 49.8 49.7
06:30 Australia RBA Commodity prices, y/y January -21.2% -20.4%
09:30 Switzerland Manufacturing PMI January 53.6 54.5 48.2
09:50 France Manufacturing PMI (Finally) January 49.5 49.5 49.2
09:55 Germany Manufacturing PMI (Finally) January 51.0 51.0 50.9
10:00 Eurozone Manufacturing PMI (Finally) January 51.0 51.0 51.0
10:30 United Kingdom Purchasing Manager Index Manufacturing January 52.5 52.9 53.0
The U.S. dollar traded mixed to higher against the most major currencies ahead of the U.S. economic data. Personal income in the U.S. is expected to rise 0.2% in December, after a 0.4% gain in November.
Personal spending in the U.S. is expected to decline 0.1% in December, after a 0.6% increase in November.
The ISM manufacturing purchasing managers' index is expected to decline to 54.9 in January from 55.5 in December.
The euro traded mixed against the U.S. dollar after the mostly weaker-than-expected economic data from the Eurozone. Eurozone's final manufacturing purchasing managers' index (PMI) remained unchanged at 51.0 in January, in line with expectations.
Germany's final manufacturing PMI declined to 50.9 in January from a preliminary reading of 51.0. Analysts had expected the final index to remain at 51.0.
France's final manufacturing PMI decreased to 49.2 in January from a preliminary reading of 49.5. Analysts had expected the final index to remain at 49.5.
Comments by Greece's new government weighed on the euro. It said that it will not cooperate with the International Monetary Fund and the European Union.
The British pound traded lower against the U.S. dollar despite the better-than-expected manufacturing PMI from the U.K. The U.K. manufacturing PMI increased to 53.0 in January from 52.5 in December, beating expectations for a rise to 52.9.
The Swiss franc traded lower against the U.S. dollar. The manufacturing purchasing managers' index in Switzerland dropped to 48.2 in January from 53.6 in December, missing expectations for a rise to 54.5.
Speculation that the Swiss National Bank (SNB) was unofficially targeting a new exchange floor for the Swiss franc against the euro weighed on the franc. Swiss newspaper Schweiz am Sonntag reported over the weekend that the SNB's next exchange floor might be CHF1.0500 to CHF1.1000 per euro.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair declined to $1.5004
USD/JPY: the currency pair traded mixed
The most important news that are expected (GMT0):
14:30 U.S. Personal spending December +0.6% -0.1%
14:30 U.S. Personal Income, m/m December +0.4% +0.2%
14:30 U.S. PCE price index ex food, energy, m/m December 0.0% 0.0%
14:30 U.S. PCE price index ex food, energy, Y/Y December +1.4% +1.4%
16:00 U.S. ISM Manufacturing January 55.5 54.9