Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:30 Australia Westpac Consumer Confidence September +3.8% -4.6%
05:30 France Non-Farm Payrolls (Finally) Quarter II +0.1% +0.1% +0.1%
06:45 France Industrial Production, m/m July +1.2% Revised From +1.3% -0.4% +0.2%
06:45 France Industrial Production, y/y July -0.4% +0.1%
The U.S. dollar traded mixed to higher against the most major currencies on speculation the Fed will start to hike its interest rate sooner than expected. The San Francisco Federal Reserve released a research report on Monday. The report showed that investors were underestimating the start of interest rate hike by the Fed.
The New Zealand dollar traded slightly lower against the U.S dollar in the absence of any major economic reports from New Zealand. Market participants are awaiting the Reserve Bank of New Zealand's interest rate decision today. Interest rate is expected to remain unchanged at 3.50%.
The Australian dollar dropped against the U.S. dollar after the weaker-than-expected consumer confidence data from Australia. The Westpac Banking Corporation released its consumer confidence for Australia today. The consumer confidence in Australia fell by 4.6% in September, after a 3.8% gain in August.
The Japanese yen traded slightly lower against the U.S. dollar after the core machinery orders from Japan and due to the stronger U.S. dollar. Core machinery orders in Japan rose 3.5% in July, missing expectations for a 4.1% gain, after a 8.8% rise in June.
On a yearly basis, Core machinery orders in Japan climbed 1.1% in July, beating expectations for a 0.6% increase, after a 3.0% decline in June.
EUR/USD: the currency pair fell to $1.2921
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair rose Y106.56
The most important news that are expected (GMT0):
13:45 United Kingdom Inflation Report Hearings
21:00 New Zealand RBNZ Interest Rate Decision 3.50% 3.50%
21:00 New Zealand RBNZ Rate Statement
21:00 New Zealand RBNZ Press Conference
23:50 Japan BSI Manufacturing Index Quarter III -13.9% -10.3%