Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
02:00 New Zealand Credit Card Spending October +4.4% +6.7%
08:00 Eurozone ECB President Mario Draghi Speaks
09:30 United Kingdom PSNB, bln October 10.6 6.9 7.1
The U.S. dollar mixed against the most major currencies ahead of the U.S. economic data. The greenback was supported by yesterday's better-than-expected U.S. economic data. The Philadelphia Federal Reserve Bank' manufacturing index surged to 40.8 in November from 20.7 in October. That was the highest level since December 1993.
Sales of existing homes in the U.S. climbed 1.5% to a seasonally adjusted annual rate of 5.26 million in October from 5.18 million in September. That was the highest level since September 2013.
There will be released no major economic reports in the U.S. on Friday.
The euro dropped against the U.S. dollar after comments by the European Central Bank (ECB) President Mario Draghi. He reiterated that the ECB is prepared to add further stimulus measures if needed. Investors speculate that the central bank is moving closer to launch the quantitative easing programme.
Draghi also said that inflation expectations were declining.
The British pound traded lower against the U.S. dollar after the weaker-than-expected public sector net borrowing figures from the U.K. The public sector net borrowing in the U.K. declined to £7.1 billion in October from £10.6 billion in September, but missing expectations for a fall to £6.9 billion. September's figure was revised up from £11.1 billion
The Canadian dollar rose against the U.S. dollar ahead of the Canadian consumer price inflation. The consumer price index in Canada is expected to remain unchanged at an annual rate of 2.0% in October.
The core consumer price index in Canada is expected to rise to an annual rate of 2.2% in October from 2.1% in September.
EUR/USD: the currency pair dropped to $1.2415
GBP/USD: the currency pair fell to $1.5624
USD/JPY: the currency pair rose to Y118.11
The most important news that are expected (GMT0):
13:30 Canada Consumer price index, y/y October +2.0% +2.0%
13:30 Canada Consumer Price Index m / m October +0.1% -0.3%
13:30 Canada Bank of Canada Consumer Price Index Core, m/m October +0.2% +0.2%
13:30 Canada Bank of Canada Consumer Price Index Core, y/y October +2.1% +2.2%