The US inflation data is out!
US Monthly PPI will be announced on Friday at 15:30 MT time.
Greenback grows vs. yen, shrugging off North Korea missile test
On Friday, the US dollar tacked on versus the Japanese yen, regaining its footing having tumbled when North Korea launched a ballistic missile over Japan.
The evergreen buck last traded at 110.37 yen, jumping 0.1% on the day, which is a revival from the intraday drop of 109.55 yen reached in early Asian trade on Friday when it was under pressure as the Japanese yen rallied following reports of North Korea's missile test.
On Friday, North Korea launched a ballistic missile, which made its way over Japan's northern island of Hokkaido far out right into the Pacific Ocean, as Japanese and South Korean officials told. It further spurred tensions after the isolated regime’s recent test of a mighty nuclear bomb.
While financial markets might stay jittery, the overall market reaction to North Korea's fresh missile test will most likely prove short-lived, as traders stressed.
The euro sank 0.1% hitting $1.1913, staying below a 2-1/2 year maximum of $1.2092 reach the previous week.
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Will the pound keep standing?
UK Preliminary Quarterly GDP is out on Thursday at 09:00 MT time.
Will the RBNZ support the kiwi?
The New Zealand interest rate is announced on Wednesday at 03:00 MT time.
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All eyes on AUD
Australian Private Capital Expenditure will be out on Thursday at 2:30 MT time!
Market is crazy after Biden’s transition
Oil jumped to March high, stocks are heading to record highs, while the US dollar is on the back foot.
Wednesday is full of US reports
News geeks get ready for the chain of US reports, which starts at 15:30 MT time on November 25!
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