简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:It’s a busy day ahead, with the FOMC meeting minutes also in focus later today. Throughout the day, news updates on Russia and the Ukraine will also be key.
It was a quieter start to the Asian session. Inflation figures from China were in focus ahead of a busy day ahead.
In January, Chinas annual rate of inflation softened from 1.5% to 0.9%, versus a forecasted 1.0%. Month-on-month, consumer prices rose by 0.4%, reversing a 0.3% decline from December. Economists had forecast a 0.5% increase.
Wholesale inflationary pressures also softened. In January, Chinas annual wholesale rate of inflation softened from 10.3% to 9.1%. Economists had forecast a rate of 9.5%.
The Aussie Dollar moved from $0.71494 to $0.71464 upon release of the figures. At the time of writing, the Aussie Dollar was down by 0.03% to $0.7150.
At the time of writing, the Japanese Yen was down by 0.07% to ¥115.690 against the U.S Dollar, with the Kiwi Dollar down by 0.09% to $0.6634.
Advertisement
Its a quieter day ahead, with Eurozone industrial production figures for December in focus. Weak numbers could test support for the EUR early in the session.
At the time of writing, the EUR was down by 0.12% to $1.1345.
Its a relatively busy day ahead, with inflation figures for January in focus. With the markets expecting further rate hikes, a pickup in inflationary pressure would provide a boost for the Pound.
At the time of writing, the Pound was up by 0.01% to $1.3540.
Core retail sales and retail sales figures for January will be the key stats of the day. With inflationary hitting a 40-year high, the markets will be looking to gauge the impact of inflation on consumption. Other stats include industrial production figures that should have a muted impact on the Dollar.
On the monetary policy front, the FOMC meeting minutes will likely to be the key driver, however.
At the time of writing, the U.S Dollar Spot Index was up by 0.07% to 96.054.
January inflation figures will be the key stats of the day. Other stats include manufacturing and wholesale sales figures. We dont expect too much interest in these numbers, however.
At the time of writing, the Loonie was down by 0.02% to C$1.2721 against the U.S Dollar.
For a look at all of todays economic events, check out our economic calendar.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.