Economic calendar (GMT0):
Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual
00:30 Australia CPI, q/q Quarter III 0.7% 0.6% 0.5%
00:30 Australia CPI, y/y Quarter III 1.5% 1.7% 1.5%
00:30 Australia Trimmed Mean CPI q/q Quarter III 0.6% 0.5% 0.3%
00:30 Australia Trimmed Mean CPI y/y Quarter III 2.2% 2.4% 2.1%
The U.S. dollar little changed ahead of Fed monetary policy decision, which will be announced later today. Most market participants expect the Federal Reserve to hold onto soft policy and postpone a rate increase till 2016. Tomorrow the central bank will only publish its monetary policy statement, there will be no conference. However investors will eye the statement to find clues on the timing of the first rate hike in nearly a decade.
The Australian dollar fell against the greenback amid sharp declines in commodity prices. Worse-than-expected inflation data also weighed on the AUD. The consumer price index rose by 0.5% in the third quarter compared to 0.6% expected and 0.7% previous. Consumer prices rose by 1.5% on an annualized basis, while economists had expected a 1.7% growth. Now market participants expect the Reserve Bank of Australia to lower its benchmark interest rate.
The Reserve Bank of New Zealand will hold a meeting today. The bank is expected to leave its key interest rate at 2.75% waiting for new economic data and moves of other central banks.
EUR/USD: the pair fell to $1.1020 in Asian trade
USD/JPY: the pair traded within Y120.25-55
GBP/USD: the pair traded within $1.5295-15
The most important news that are expected (GMT0):
(time / country / index / period / previous value / forecast)
07:00 Germany Gfk Consumer Confidence Survey November 9.6 9.4
07:45 France Consumer confidence October 97 97
11:00 U.S. MBA Mortgage Applications October 11.8%
14:30 U.S. Crude Oil Inventories October 8.028 3.5
18:00 U.S. Fed Interest Rate Decision 0.25% 0.25%
18:00 U.S. FOMC Statement
20:00 New Zealand RBNZ Interest Rate Decision 2.75% 2.75%
20:00 New Zealand RBNZ Rate Statement
23:50 Japan Industrial Production (MoM) (Preliminary) September -1.2% -0.5%
23:50 Japan Industrial Production (YoY) (Preliminary) September -0.4%