This morning is a relatively busy start to the day in the economic calendar. The Austrian dollar and the Japanese yen are up early in the morning. From Japan, retail and industrial production figures will focus ahead of private sector credit numbers from Australia. However, after the disappointment of the private sector PMI from China; Growth concerns may suggest support for more risky assets.
The Japanese yen fell 0.09% to 115,360 against the US dollar at writing. The Austrian dollar stood at $0.6993, up 0.07% overall. Kiwi dollar dropped 0.03%; The total was $0.6546.
It is a busy day ahead in the economic calendar. Fourth-quarter inflation and GDP figures for the Eurozone and Germany will be the main statistics of the day. Spanish inflation rates are also coming out; however, it is likely to have an implicit impact on large countries. The euro stood at $1.1144, up 0.06% overall.
Ahead is another tranquil day in the economic calendar. There are no material statistics outside the UK that give the pound a direction. Lack of statistics will leave market sentiment towards the BoE’s monetary policy and UK policy; To provide leadership. The pound stood at $1.3400 and fell 0.01% overall.
Economic Data
The economic data front is a quiet day ahead. January Chicago PMI comes out; This is expected to have an implicit impact on the dollar. Markets are looking for indicators forcing the Fed to take a more aggressive step in the policy. On Friday, the US dollar index ended the day at 97,270 and rose 0.05% in total.
There is also a calm day ahead. December RMPI numbers are coming out. Markets have nothing to consider; Numbers are expected to be affected. China statistics and crude oil prices also provide direction. Loonie fell to $1.2771 against the US dollar, totaling 0.01%.
