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Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
01:30 Australia Unemployment rate March 5.8% 5.9% 5.7%
01:30 Australia Changing the number of employed March -0.7 Revised From 0.3 20.0 26.1
07:15 Switzerland Producer & Import Prices, m/m March -0.6% -0.2% 0%
07:15 Switzerland Producer & Import Prices, y/y March -4.6% -4.7%
09:00 Eurozone Harmonized CPI March 0.2% 1.2% 1.2%
09:00 Eurozone Harmonized CPI, Y/Y (Finally) March -0.2% -0.1% 0.0%
09:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Finally) March 0.8% 1% 1%
11:00 United Kingdom BoE Interest Rate Decision 0.5% 0.5% 0.5%
11:00 United Kingdom Asset Purchase Facility 375 375 375
11:00 United Kingdom Bank of England Minutes
The U.S. dollar traded mixed to lower against the most major currencies ahead of the release of the U.S. economic data. The U.S. consumer price inflation is expected to rise to 1.1% year-on-year in March from 1.0% in January.
The U.S. consumer price index excluding food and energy is expected to remain unchanged at 2.3% year-on-year in March.
The number of initial jobless claims in the U.S. is expected to increase by 3,000 to 270,000 last week.
The euro traded mixed against the U.S. dollar after the release of the final consumer price inflation data from the Eurozone. Eurozone's harmonized consumer price index rose 1.2% in March, in line with expectations, after a 0.2% increase in February.
On a yearly basis, Eurozone's final consumer price inflation increased to 0.0% in March from -0.2% in February, up from the preliminary reading of -0.1%.
Restaurants and cafés prices were up 0.12% year-on-year in March, rents increased by 0.07%, package holidays rose by 0.09%, fuel prices for transport declined by 0.60%, heating oil prices decreased by 0.23%, while gas prices were down by 0.10%.
Eurozone's final consumer price inflation excluding food, energy, alcohol and tobacco climbed to an annual rate of 1.0% in March from 0.8 in February, in line with the preliminary reading.
The British pound traded mixed against the U.S. dollar after the Bank of England's (BoE) interest rate decision. The BoE kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion. This decision was widely expected. All members voted to keep the central bank's monetary policy unchanged. The BoE was concerned over the weak global growth and uncertainty ahead of the referendum on Britain's membership in the European Union.
The Canadian dollar traded higher against the U.S. dollar ahead of the release of the Canadian economic data. Canada's new housing price index is expected to rise 0.1% in February, after a 0.1% gain in January.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair fell to Y109.05
The most important news that are expected (GMT0):
12:30 Canada New Housing Price Index, MoM February 0.1% 0.1%
12:30 U.S. Continuing Jobless Claims April 2191 2183
12:30 U.S. Initial Jobless Claims April 267 270
12:30 U.S. CPI, m/m March -0.2% 0.2%
12:30 U.S. CPI, Y/Y March 1.0% 1.1%
12:30 U.S. CPI excluding food and energy, m/m March 0.3% 0.2%
12:30 U.S. CPI excluding food and energy, Y/Y March 2.3% 2.3%
14:00 U.S. FOMC Member Jerome Powell Speaks
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