- EUR/USD pushed back up to its recent high yesterday closing at 1.2506. This represents a 0.46% increase in relative value of the euro against the US dollar on Thursday.
- Sterling performed well against the other majors. It gained 0.73% on the US dollar closing at 1.4099 after opening at 1.3997. Against the euro we saw an increase of 0.29% with GBP/EUR closing at 1.1272 after opening at 1.1239.
- US PPI m/m came in as expected at 0.4% and core PPI m/m came in better than expected at 0.4% vs 0.2%.
- The Empire State manufacturing index came in weaker than expected at 13.1 vs 17.7 and the Philly Fed manufacturing index came in better than expected at 25.8 vs 21.5 expected.
- US unemployment claims came in at 230K vs 229K expected and capacity utilization rate was slightly soft at 77.5% 78.0%. Industrial production m/m was weaker than expected at -0.1% vs 0.2% expected.
- GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.7692, 1.9008 and 149.56 at the time of writing.
- EUR/USD has traded at its highest level since December 2014 this morning with the market briefly trading 1.2555.
- At 9.30am we expect month-on-month retail sales data from the UK, The expected figure is 0.5%.
- This afternoon we will see foreign securities purchases and manufacturing sales m/m from Canada alongside US building permits, housing starts and import prices m/m.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|09:30||GBP||Retail Sales m/m||0.5%||-1.5%|
|13:30||CAD||Foreign securities purchases||19.18B||19.56B|
|13:30||CAD||Manufacturing sales m/m||0.2%||3.4%|
|13:30||USD||Import prices m/m||0.6%||0.1%|