Great Britain will publish the Inflation Rate on October 20, at 09:00 MT time (GMT+3).
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program.
The common currency rallied by 0.17% trading at 1.1725 having soared by 0.41% yesterday.
Euro zone GDP figures are anticipated to demonstrate that in the second quarter the annual rate of surge speeded down a bit, while headline inflation is anticipated to stay intact.
The common currency managed to add versus the Japanese yen too. The currency pair EUR/JPY soared by 0.38% trading at 130.49.
After its latest policy gathering the BOJ promised to keep interest rates low enough.
The major bank also made minor tweaks to its asset purchase program for the purpose of making it more flexible. However, market participants had hoped for more radical moves on its part.
The BOJ’s monetary policy tweaks actually reflected the bank’s estimate that it would take more time for inflation to achieve its 2% objective.
Versus the evergreen buck the Japanese yen headed south. The currency pair USD/JPY hit 111.27 adding 0.2% for the day having hit an overnight maximum of 111.45.
Assessing the greenback’s purchasing power versus a number of its main rivals, the USD index slumped by about 0.07% hitting 94.09, rebounding from Friday’s one-week maximum of 94.7.
Market participants are waiting for the conclusion of the Fed’s two-day policy gathering on Wednesday, where it’s expected to announce its third rate lift in 2018 in September.
Additionally, the British pound managed to ascend versus the evergreen buck. The currency pair GBP/USD tacked on by 0.08% trading at 1.3142, although slumped versus the common currency. The currency pair EUR/GBP rallied by 0.11% demonstrating 0.8923.
Reserve Bank of New Zealand (RBNZ) will reveal Official Cash Rate and make a statement about monetary policy on October 6, 04:00 GMT+3.
Although Jerome Powell’s speech sounded hawkish on Wednesday, September 22, markets did not get scared and the main stock indices got bought back…
What will happen? ECB will report its Monetary Policy statement at 14:45 MT (GMT+3) on Thursday, October 28…
What will happen? BOC will report its Monetary Policy statement at 17:00 MT (GMT+3) on Wednesday, October 27…
What will happen? Australian Bureau of Statistics will announce Core PCE Price Index at 03:30 MT (GMT+3) on Wednesday, October 27…