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01:00 New Zealand ANZ Business Confidence April 67.3 64.8
01:30 Australia Private Sector Credit, m/m March +0.4% +0.4% +0.4%
01:30 Australia Private Sector Credit, y/y March +4.3% +4.4%
01:30 Japan Labor Cash Earnings, YoY March -0.1% Revised From 0.0% +0.2% +0.7%
03:00 Japan BoJ Interest Rate Decision 0.10% 0.10% 0.10%
03:00 Japan Bank of Japan Monetary Base Target 270 270 270
03:00 Japan BoJ Monetary Policy Statement
05:00 Japan Housing Starts, y/y March +1.0% -2.8% -2.9%
06:00 Germany Retail sales, real adjusted March +0.4% Revised From +1.3% -0.5% -0.7%
06:00 Germany Retail sales, real unadjusted, y/y March +1.9% Revised From +2.0% -1.9%
06:00 Japan BoJ monthly economic report April
06:00 Switzerland UBS Consumption Indicator March 1.52 Revised From 1.57 1.84
06:45 France Consumer spending March +0.1% +0.3% +0.4%
06:45 France Consumer spending, y/y March -0.3% -1.2%
07:00 Switzerland KOF Leading Indicator April 1.99 2.03 1.84
07:30 Japan BOJ Press Conference
07:55 Germany Unemployment Change April -12 -10 -25
07:55 Germany Unemployment Rate s.a. April 6.7% 6.7% 6.7%
The U.S. dollar traded mixed against the most major currencies ahead the Fed's policy statement. Market participants are expecting the Fed will continue to taper its asset purchase program at the usual rate of US$10 billion per month.
The New Zealand dollar increased against the U.S. dollar after the publication of mixed economic data and ahead the Fed's policy statement. Building permits in New Zealand climbed 8.3% in March (February: -1.6%). The projected figure was a 2% rise. ANZ Business Confidence was down to 64.8 in April from 67.3 in March.
The Australian dollar rose against the U.S. dollar ahead the Fed's policy statement. The price development of iron ore is important for the Australian currency. Iron ore is Australia’s biggest export.
Australia’s private sector credit increased 0.4% in March (February: 0.4%). Analysts expected the rise of 0.4%.
The Japanese yen was up against the U.S. dollar. The yen was supported by the decision of the Bank of Japan to refrain from implementing additional quantitative stimulus measures. The Bank of Japan decided to keep monetary policy steady as expected. The target of an annual increase in the monetary base is between 60 trillion yen and 70 trillion yen.
EUR/USD: the currency pair declined to $1.3805
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair traded was down to Y102.30
The most important news that are expected (GMT0):
09:00 Eurozone Harmonized CPI, Y/Y (Preliminary) April +0.5% +0.8%
12:15 U.S. ADP Employment Report April 191 212
12:30 Canada Raw Material Price Index March +5.7% +1.2%
12:30 Canada GDP (m/m) February +0.5% +0.2%
12:30 U.S. PCE price index, q/q Quarter I +3.3%
12:30 U.S. PCE price index ex food, energy, q/q Quarter I +1.3%
12:30 U.S. Employment Cost Index Quarter I +0.5% +0.5%
12:30 U.S. GDP, q/q (Preliminary) Quarter I +2.6% +1.1%
13:45 U.S. Chicago Purchasing Managers' Index 55.9 56.6
15:30 United Kingdom BOE Chief Economist Spencer Dale Speaks
18:00 U.S. Fed Interest Rate Decision 0.25% 0.25%
18:00 U.S. FOMC QE Decision 55 45
18:00 U.S. FOMC Statement
20:15 Canada BOC Gov Stephen Poloz Speaks
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