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Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
01:00 Australia MI Inflation Gauge, m/m March -0.2% 0.0%
01:30 Australia ANZ Job Advertisements (MoM) March -1.2% 0.2%
01:30 Australia Building Permits, m/m February -6.6% Revised From -7.5% 2% 3.1%
01:30 Australia Retail Sales, M/M February 0.3% 0.4% 0.0%
08:30 Eurozone Sentix Investor Confidence April 5.5 5.7
08:30 United Kingdom PMI Construction March 54.2 54 54.2
09:00 Eurozone Producer Price Index, MoM February -1.1% Revised From -1% -0.6% -0.7%
09:00 Eurozone Producer Price Index (YoY) February -3.0% Revised From -2.9% -4% -4.2%
09:00 Eurozone Unemployment Rate February 10.4% Revised From 10.3% 10.3% 10.3%
The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. factory orders data. The U.S. factory orders are expected to drop 1.7% in February, after a 1.6% rise in January.
The greenback remained supported by Friday's labour market data from the U.S. According to the U.S. Labor Department on Friday, the U.S. economy added 215,000 jobs in March, exceeding expectations for a rise of 205,000 jobs, after a gain of 245,000 jobs in February. February's figure was revised up from a rise of 242,000 jobs. The U.S. unemployment rate rose to 5.0% in March from 4.9% in February. Analysts had expected the unemployment rate to remain unchanged at 4.9%. Average hourly earnings increased 0.3% in March, beating forecasts of a 0.2% gain, after a 0.1% decline in February.
The euro traded mixed against the U.S. dollar after the mixed economic data from the Eurozone. Eurostat released its unemployment data for the Eurozone on Monday. Eurozone's unemployment rate declined to 10.3% in February from 10.4% in January, in line with expectations. It was the lowest reading since August 2011. January's figure was revised up from 10.3%. The lowest unemployment rate in the Eurozone in February was recorded in Germany (4.3%) and the highest in Greece (24.0% in December 2015) and Spain (20.4%).
Eurostat's producer price index for the Eurozone declined 0.7% in February, missing expectations for a 0.6% fall, after a 1.1% decrease in January's figure was revised down from a 1.0% drop.
Intermediate goods prices fell 0.4% in February, capital goods prices were flat, non-durable consumer goods prices were down 0.2% and durable consumer goods prices were up 0.1%, while energy prices decreased 2.1%.
On a yearly basis, Eurozone's producer price index dropped 4.2% in February, missing expectations for a 4.0% decline, after a 3.0% fall in January. January's figure was revised down from a 2.9% decrease.
Eurozone's producer prices excluding energy fell 0.8% year-on-year in February. Energy prices dropped at an annual rate of 12.8%.
Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index rose to 5.7 in April from 5.5 in March. A reading above 0.0 indicates optimism, below indicates pessimism.
"The process of economic stabilization of investors expectations has continued at the beginning of April," Sentix said in its statement.
"The Eurozone can benefit neither from a stabilization of the global economy nor from the measures of the ECB," Sentix added.
The British pound traded higher against the U.S. dollar after the release of the better-than-expected construction PMI data from the U.K. Markit's and the Chartered Institute of Purchasing & Supply's construction purchasing managers' index (PMI) for the U.K. remained unchanged at 54.2 in March, beating expectations for a decrease to 54.0.
A reading above 50 indicates expansion in the construction sector.
A slowdown in residential work offset rebound in civil engineering and commercial work. New business growth slowed down in March, while job creation weakened.
The Canadian dollar traded higher against the U.S. dollar ahead of a speech by the Bank of Canada Governor Stephen Poloz at 14:00 GMT.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair increased to $1.4272
USD/JPY: the currency pair rose to Y111.74
The most important news that are expected (GMT0):
14:00 Canada BOC Gov Stephen Poloz Speaks
14:00 U.S. Factory Orders February 1.6% -1.7%
14:00 U.S. Labor Market Conditions Index March -2.4
23:30 Australia AIG Services Index March 51.8
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