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Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:00 Japan Bank holiday
00:30 Australia ANZ Job Advertisements (MoM) December +0.7% +1.8%
00:30 Australia Home Loans November +0.2% Revised From +0.3% +1.8% -0.7%
The U.S. dollar traded higher against the most major currencies, recovering its Friday's losses. The greenback declined on Friday as investors speculated that the Fed might delay its first interest rate hike due to the weak wage growth. Average hourly earnings decreased 0.2% in December.
The U.S. Labor Department released the labour market data on Friday. The U.S. economy added 252,000 jobs in December. The U.S. unemployment rate fell to 5.6% in December from 5.8% in November, exceeding expectations for a decline to 5.7%.
The euro dropped against the U.S. dollar in the absence of any major economic reports from the Eurozone. Political uncertainty in Greece and inflation data from the Eurozone still weighed on the euro.
Investors speculate that the European Central Bank could decide on its policy meeting on January 22 to purchase government bonds.
The British pound traded lower against the U.S. dollar in the absence of any major economic reports from the U.K.
The Canadian dollar traded lower against the U.S. dollar ahead of the Bank of Canada's Business Outlook Survey.
EUR/USD: the currency pair fell to $1.1785
GBP/USD: the currency pair decreased to $1.5097
USD/JPY: the currency pair rose to Y119.31
The most important news that are expected (GMT0):
15:30 Canada Bank of Canada Business Outlook Survey Quarter IV
17:40 U.S. FOMC Member Dennis Lockhart Speaks
23:50 Japan Current Account (adjusted), bln November 883.4 133.2
|remaining time till the new event being published|
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