00:01 United Kingdom Rightmove House Price Index (MoM) February +0.2% +2.8%
00:01 United Kingdom Rightmove House Price Index (YoY) February +2.4% +1.1%
00:30 Australia New Motor Vehicle Sales (MoM) January +2.2% -2.4%
00:30 Australia New Motor Vehicle Sales (YoY) January +17.% +10.8%
The yen fell against the dollar, extending losses that made it the worst-performing major currency in the past three months, after Group-of-20 nations refrained from censuring Japanese policies driving the decline. Two days of talks between G-20 finance ministers and central bankers ended in Moscow Feb. 16 with a statement pledging not to “target our exchange rates for competitive purposes,” without singling out Japan.
The pound slid toward a seven-month low on prospects the Bank of England will tolerate higher inflation. The Bank of England will release minutes of this month’s policy meeting on Feb. 20. The central bank left the target of its bond purchases unchanged on Feb. 7, saying inflation is likely to accelerate further in the near term and may stay above the BOE’s 2 percent target for the next two years.
The euro declined for a fourth day against the dollar ahead of Italy’s parliamentary election on Feb. 24-25. Silvio Berlusconi kicks off the week with a rally today in Milan. Berlusconi had 27.8 percent support in an SWG Institute survey published Feb. 8, compared with 33.8 percent for Pier Luigi Bersani, Berlusconi’s main rival.
EUR/USD: during the Asian session the pair fell to $1.3325.
GBP/USD: during the Asian session the pair fell to $1.5470.
USD/JPY: during the Asian session, the pair rose to Y94.20.
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