(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual
00:30 Australia RBA Meeting's Minutes
The U.S. dollar traded flat to lower against the most major currencies as recent disappointing U.S. data on retail sales and the Michigan consumer sentiment continued to weigh. Yesterday U.S. markets were closed for President's holiday. Today the greenback traded flat against the euro after yesterday's gains as talks between Greece and the Eurozone's finance ministers broke down yesterday as Athens did not accept a proposal for a six-month extension of its bailout. Now the Greek government has until Friday to request the extension. If Greece chooses not to do so the bailout will expire at the end of February.
The Australian dollar traded stronger on Tuesday after the minutes of the RBA meeting were published. The bank named a lower growth and inflation outlook and Chinese demand for commodities as reasons for this month's decision to lower interest rates after a 17-month pause. Recently the unemployment rate in Australia rose to a 12 ½ year high. Australia's economy is struggling as prices for key export commodities slumped and demand in China, Australia's biggest trade partner, is declining.
New Zealand's dollar advanced for a fourth day against the greenback in Asian trade with no major economic data published.
The Japanese yen traded almost flat against the greenback on Tuesday after Asia's second largest economy exited recession in the final quarter of last year according to data published over the weekend although growth was weaker than expected. Last week the yen rose as insiders said the BoJ sees further monetary easing as counterproductive for now as more stimulus would further hurt the currency. Now all eyes are on BoJ Governor Kuroda's speech scheduled for Wednesday.
EUR/USD: the euro traded slightly stronger against the greenback
(time / country / index / period / previous value / forecast)
09:30 United Kingdom Retail Price Index, m/m January +0.2%
09:30 United Kingdom Retail prices, Y/YJanuary+1.6% +1.2%
09:30 United Kingdom RPI-X, Y/Y January +1.7%
09:30 United Kingdom Producer Price Index - Input (YoY) January -0.3%
09:30 United Kingdom Producer Price Index - Input (MoM) January -2.4% -2.1%
09:30 United Kingdom Producer Price Index - Output (MoM) January -0.3% -0.2%
09:30 United Kingdom Producer Price Index - Output (YoY) January -0.8%
09:30 United Kingdom HICP, m/m January 0.0%
09:30 United Kingdom HICP, Y/Y January +0.5% +0.3%
09:30 United Kingdom HICP ex EFAT, Y/Y January +1.3% +1.3%
10:00 Eurozone ZEW Economic Sentiment February 45.2 51.3
10:00 Eurozone ECOFIN Meetings
10:00 Germany ZEW Survey - Economic Sentiment February 48.4 56.2
13:30 Canada Foreign Securities Purchases December 4.29 5.35
13:30 U.S. NY Fed Empire State manufacturing index January 10.0 9.1
15:00 U.S. Mortgage Delinquencies Quarter IV 5.85%
15:00 U.S. NAHB Housing Market Index February 57 58
17:00 Switzerland SNB Chairman Jordan Speaks
21:00 U.S. Net Long-term TIC Flows December 33.5 41.3
21:00 U.S. Total Net TIC Flows December -6.3
23:00 Australia Conference Board Australia Leading Index December +0.1%
23:30 Australia Leading Index January 0.0%