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06:00 Switzerland Trade Balance March 2.62 2.79 2.05
08:00 Germany IFO - Business Climate April 110.7 110.5 111.2
08:00 Germany IFO - Current Assessment April 115.2 115.7 115.3
08:00 Germany IFO - Expectations April 106.4 105.9 107.3
The U.S. dollar was weaker against the most major currencies. The U.S. currency remains under pressure after the yesterday’s disappointing figures from the U.S. housing market.
The Australian dollar climbed a little against the U.S. dollar. There were no impulses (the lack of economic data) that could influence the currency.
The New Zealand dollar increased against the U.S. dollar and reached a one-week high of $0.8638. The reason for the strength of New Zealand dollar was the hike of interest rate by the Reserve Bank of New Zealand. The central bank raised its interest rate to 3.0% from 2.75%. This decision was expected by market participants. The Reserve Bank of New Zealand governor Graeme Wheeler said this move is necessary because of the inflationary pressures. The likelihood is very high that the central bank will hike interest rates again in June.
The Japanese Yen was up against the U.S. dollar after the Japanese Prime Minister Shinzo Abe said that a US-Japan free trade deal had not been finalised yet.
EUR/USD: the currency pair climbed to $1.3825
GBP/USD: the currency pair was up to $1.6790
USD/JPY: the currency pair declined to Y102.25
NZD/USD: the currency pair increased to $0.8638
The most important news that are expected (GMT0):
09:00 Eurozone ECB President Mario Draghi Speaks
10:00 United Kingdom CBI retail sales volume balance April 13 18
12:30 U.S. Durable Goods Orders March +2.2% +2.1%
12:30 U.S. Durable Goods Orders ex Transportation March +0.2% +0.6%
12:30 U.S. Durable goods orders ex defense March +1.8%
12:30 U.S. Initial Jobless Claims April 304 309
16:15 Eurozone ECB’s Vitor Constancio Speaks
23:30 Japan Tokyo Consumer Price Index, y/y April +1.3%
23:30 Japan Tokyo CPI ex Fresh Food, y/y April +1.0% +2.8%
23:30 Japan National Consumer Price Index, y/y March +1.5%
23:30 Japan National CPI Ex-Fresh Food, y/y March +1.3% +1.4%
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