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Economic calendar (GMT0):
04:30 Japan Industrial Production (MoM) (Finally) March +0.3% +0.3% +0.7%
04:30 Japan Industrial Production (YoY) (Finally) March +7.0% +7.4%
06:45 France Non-Farm Payrolls (Preliminary) Quarter I +0.1% -0.1% -0.1%
09:00 Eurozone Trade Balance s.a. March 15.0 17.3 15.2
The U.S. dollar traded mixed against the most major currencies after yesterday’s release of the mixed U.S. economic data. The U.S. consumer price index increased 0.3% in April. That was the biggest rise since June last year. The Fed Chair Janet Yellen gave brief remarks Thursday at a National Small Business Week Event held at the U.S. Chamber of Commerce. But she said nothing about current monetary policy. Janet Yellen explained that job creation is very important for economic recovery and the Fed “tries to promote the conditions to foster job creation”. Investors favoured safe-haven assets.
The New Zealand dollar traded mixed against the U.S. dollar. Investors continue to back the U.S. dollar. No economic data was published in New Zealand.
The Australian dollar traded little changed against the U.S. dollar. Investors favoured safe-haven assets. No economic data was published in Australia.
The Japanese yen traded mixed against the U.S. dollar. The yen was supported by the demand for safe-haven currency and the better-than-expected Japanese industrial production. The industrial production in Japan increased 0.7% in March, from a 0.3% gain in February. Analysts had expected a 0.3% increase. On a yearly basis, the Japanese industrial production rose 7.4% in March, from a 7.0% increase in February.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair traded mixed
The most important news that are expected (GMT0):
12:30 Canada Foreign Securities Purchases March 6.08 7.21
12:30 U.S. Building Permits, mln April 1.000 1.010
12:30 U.S. Housing Starts, mln April 0.946 0.980
13:55 U.S. Reuters/Michigan Consumer Sentiment Index (Preliminary) April 84.1 84.7
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