- GBP/EUR hovered around 1.1245 on Wednesday yesterday trading a high of 1.1267 and a low of 1.1212.
- The euro continued to gain ground on the US dollar with EUR/USD rallying 0.79% on Wednesday. The market opened at 1.2350 and closed at 1.2448.
- US prices rose faster than expected in January with CPI m/m coming in at 0.5% vs 0.3% expected. Core CPI m/m also came in faster than expected at 0.3% vs 0.2%.
- US core retail sales m/m came in weaker than expected at 0.0% vs 0.5% and retail sales m/m also came in weaker than expected at -0.3% vs 0.2%.
- The dollar weakness showed against the pound with GBP/USD rallying from 1.3890 to close at 1.3997.
- Australian unemployment change came in at 16.0K when 15.3K was expected and unemployment rate came in as expected at 5.5%.
- Today we have inflation, manufacturing and unemployment data from the US at 1pm.
- At 2.15pm we expect to have capacity utilisation rate and industrial production m/m.
- This evening we have 9.30pm business NZ manufacturing index data released.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|13:30||CAD||ADP non-farm employment change||-7.1K|
|13:30||USD||Core PPI m/m||0.2%||-0.1%|
|13:30||USD||Empire state manufacturing index||21.5||22.2|
|14:15||USD||Capacity Utilization Rate||78.0%||77.9%|
|14:15||USD||Industrial Production m/m||0.2%||0.9%|
|21:30||NZD||Business NZ Manufacturing Index||51.2|