(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual
00:01 United Kingdom Rightmove House Price Index (MoM) March +2.1% +1.0%
00:01 United Kingdom Rightmove House Price Index (YoY) March +6.6% +5.4%
00:30 Australia New Motor Vehicle Sales (MoM) February -1.5% +2.9%
00:30 Australia New Motor Vehicle Sales (YoY) February +0.2% +4.1%
The U.S. dollar traded higher against its major peers on Monday after the weaker-than expected economic data reported on Friday. The Thomson Reuters/University of Michigan preliminary consumer sentiment index dropped and U.S. producer prices fell 0.5% in February. All eyes will be on the FED's interest rate decision and the following statement this week on Wednesday.
The euro moderately rebounded from 12-year lows on Monday. Quantitative Easing and concerns over Greece continue to weigh on the single currency.
The Australian dollar traded higher against the greenback at the start of the week. On a monthly basis New Motor Vehicle Sales rose +2.9% in February after revised -1.9% in January. Year on year sales rose +4.1%, compared to +0.2% last year. On Sunday Reserve Bank of Australia Assistant Governor Guy Debelle said that government bond yields are unusually low. Inflation and economic growth were no explanation for negative yields in e.g. Germany or Japan although quantitative easing have contributed to the situation.
New Zealand's dollar added gains against the greenback on Monday in the absence of any major economic reports from Australia.
The Japanese yen traded higher against the greenback on Monday currently trading at USD121.18, further gaining ground from 8-year lows at USD122.20 set on Tuesday last week. No major economic data for the region was reported.
EUR/USD: the euro traded higher against the greenback
(time / country / index / period / previous value / forecast)
08:15 Switzerland Producer & Import Prices, m/m February -0.6% +0.4%
08:15 Switzerland Producer & Import Prices, y/y February -2.7%
08:15 Switzerland Retail Sales (MoM) January +1.0%
08:15 Switzerland Retail Sales Y/Y January +2.2% +2.6%
11:00 Germany Bundesbank Monthly Report
12:30 Canada Foreign Securities Purchases January -13.55 3.74
12:30 U.S. NY Fed Empire State manufacturing index February 7.8 8.1
13:15 U.S. Industrial Production (MoM) February +0.2% +0.3%
13:15 U.S. Industrial Production YoY February +4.8%
14:00 U.S. NAHB Housing Market Index March 55 57
18:45 Eurozone ECB President Mario Draghi Speaks
20:00 U.S. Total Net TIC Flows January -174.8
20:00 U.S. Net Long-term TIC Flows January 35.4 27.2