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08:30 Switzerland SNB Interest Rate Decision March 0.25% 0.25% 0.25%
08:30 Switzerland SNB Monetary Policy Assessment March
09:00 Eurozone ECB Monthly Report March
09:00 Eurozone EU Economic Summit March
10:00 Eurozone Employment Change Quarter IV -0.1% -0.1% -0.3%
The yen weakened for a second day against the dollar after the lower house of parliament endorsed Haruhiko Kuroda, an advocate of increased stimulus, as the next central bank governor. Japan’s currency fell versus 13 of its 16 major peers as Kuroda’s approval cleared the first hurdle in Prime Minister Shinzo Abe’s plan to install a central bank leadership in favor of more easing.
Australia’s dollar climbed to a one-month high after a report showed payrolls rose the most in almost 13 years, spurring traders to reduce bets on interest-rate cuts. Australia’s dollar rose against all 16 of its major counterparts as the statistics bureau said the number of people employed rose by 71,500 in February from the previous month, when it increased 13,100. That compared with a 10,000 increase estimated by economists.
The Dollar Index rose for a third day before U.S. data today and tomorrow forecast to show the economy is gaining momentum. The Dollar Index rose to the highest since August before reports this week that economists said will show U.S. producer prices accelerated in February and manufacturing in the New York region expanded this month. The Dollar Index, which IntercontinentalExchange Inc. uses to track the greenback against currencies of six U.S. trading partners, gained 0.2 percent to 83.04 after rising to 83.078, the highest level since Aug. 3.
EUR / USD: during the European session the pair fell to $ 1.2912
GBP / USD: during the European session, the pair has stabilized in the range of $ 1.4914 - $ 1.4956
USD / JPY: during the European session, the pair rose to Y96.51
At 12:30 GMT in Canada will price index in the primary market in January and the capacity utilization rate for the 4th quarter. Also during this time, the U.S. will release the producer price index and producer price index excluding prices for food and energy in February, and a report on the current account balance of the balance of payments for the 4th quarter. At 21:30 GMT New Zealand introduced an index of business activity in the manufacturing sector from Business NZ in February.
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