Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
07:45 Eurozone ECB's Vitor Constancio Speaks
The U.S. dollar traded mixed against the most major currencies on comments. The greenback was supported by yesterday's strong U.S. economic data. The number of initial jobless claims in the week ending October 11 in the U.S. dropped by 23,000 to 264,000. Analysts had expected the number of initial jobless claims to decline by 1,000 to 286,000.
The U.S. industrial production rose 1.0% in September, exceeding expectations for a 0.4% gain, after a 0.2% decline in August.
The Philadelphia Fed manufacturing index decreased to 20.7 in October from 22.5 in September, beating forecasts of a decline to 19.9.
The New Zealand dollar traded slightly against the U.S. dollar in the absence of any major economic reports from New Zealand.
The kiwi briefly dropped against the greenback, but quickly recovered its losses as the Reserve Bank of New Zealand (RBNZ) released a wrong statement. The RBNZ released a repeat of an earlier statement on the exchange rate of New Zealand's currency.
Later, the RBNZ released a correct statement. The central bank will increase its currency basket to 17 from 5. The currency basket is used by the RBNZ to calculate the value of the kiwi.
The Australian dollar traded lower against the U.S. dollar in the absence of any major economic reports from Australia.
The Japanese yen traded slightly higher against the U.S. dollar in the absence of any major economic reports from Japan. The yen was supported by the demand for safe-haven assets. Worries about the global economy still weighed on markets.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair rose to Y106.12
The most important news that are expected (GMT0):
09:00 Eurozone GDP (QoQ) (Finally) Quarter II 0.0% 0.0%
09:00 Eurozone GDP (YoY) (Finally) Quarter II +0.7% +0.7%
12:30 Canada Consumer Price Index m / m September 0.0% 0.0%
12:30 Canada Consumer price index, y/y September +2.1%
12:30 Canada Bank of Canada Consumer Price Index Core, m/m September +0.5% +0.1%
12:30 Canada Bank of Canada Consumer Price Index Core, y/y September +2.1%
12:30 U.S. Building Permits, mln September 1.00 1.04
12:30 U.S. Housing Starts, mln September 0.96 1.02
12:30 U.S. Fed Chairman Janet Yellen Speaks
13:55 U.S. Reuters/Michigan Consumer Sentiment Index (Preliminary) October 84.6 84.3