Eurozone M3 Money Supply (3m) rose from previous -0.2% to 0.2% in February
Eurozone M3 Money Supply (YoY) registered at 0.4% above expectations (0.3%) in February
Eurozone Private Loans (YoY) came in at 0.3%, below expectations (0.4%) in February
Italy Consumer Confidence came in at 96.5 below forecasts (97.5) in March
Italy Business Confidence registered at 88.6 above expectations (87.6) in March
Germany Unemployment Rate s.a. meets expectations (5.9%) in March
Germany Unemployment Change came in at 4K, below expectations (10K) in March
The NZD/USD pair comes under heavy selling pressure on Thursday and continues losing ground through the first half of the European session.
NZD/USD is a shade below 0.6000. Economists at ANZ Bank analyze Kiwi’s outlook.
USD/MXN halts its three-day losing streak, advancing to near 16.60 during the European hours on Thursday.
EUR/USD edges down on Thursday, retesting key support at 1.0800, after the release of subpar German Retail Sales data raised further concerns over the health of Europe’s largest economy, weighing on the Euro (EUR).
The EUR/GBP pair falls back from 0.8570 as German Retail Sales data for February remains weaker than expected.
The Pound Sterling (GBP) drops to 1.2600 against the US Dollar in Thursday’s European session.
EUR/USD struggles to gain traction in the second half of the week.
EUR/USD holds slightly above the 1.0800 level. Economists at ING analyze the pair’s outlook.
Austria Producer Price Index (YoY) rose from previous -7.2% to -6.4% in February
Austria Producer Price Index (MoM) increased to -0.3% in February from previous -1%
USD/CHF moves higher to near 0.9060 during the early European session on Thursday.
Gold extended recent gains amid expectations of lower inflation.
Economists at ANZ Bank expect the Indian Rupee (INR) to enjoy a mild appreciation over the course of the year.
The GBP/JPY cross trades in negative territory for two straight days, hovering around the 191.00 mark on Thursday.
Germany's Retail Sales dropped 1.9% MoM in February, slowing from a 0.4% decline in January, according to the official data released by Destatis on Thursday.
United Kingdom Total Business Investment (QoQ) declined to 1.4% in 4Q from previous 1.5%
United Kingdom Gross Domestic Product (YoY) meets expectations (-0.2%) in 4Q
United Kingdom Gross Domestic Product (QoQ) in line with expectations (-0.3%) in 4Q
Turkey Economic Confidence Index climbed from previous 99 to 100 in March
United Kingdom Current Account came in at £-21.177B, above forecasts (£-21.4B) in 4Q
United Kingdom Total Business Investment (YoY): 2.8% (4Q) vs previous 3.7%
Germany Retail Sales (YoY) below expectations (-0.8%) in February: Actual (-2.7%)
Germany Retail Sales (MoM) below forecasts (0.3%) in February: Actual (-1.9%)
Here is what you need to know on Thursday, March 28: Major currency pairs continue to fluctuate in familiar ranges in the second half of the week.
Silver price (XAG/USD) advances to $24.70 in the late Asian session on Thursday.
The GBP/USD pair remains on the defensive around 1.2630 on Thursday during the early European trading hours.
FX option expiries for Mar 28 NY cut at 10:00 Eastern Time, via DTCC, can be found below - EUR/USD: EUR amounts 1.0752 803m 1.0825 1.9b 1.0850 1.7b 1.0925 544m - GBP/USD: GBP amounts 1.2600 1.1b - USD/JPY: USD amounts 150.00 1.3b 150.50 2.9b 151.00 732m 152.00 2.3b - USD/CAD: USD amounts 1.3600 1.6b .
South Africa Private Sector Credit above expectations (3.12%) in February: Actual (3.32%)
In an interview with the Financial Times (FT) on Thursday, Bank of England (BoE) policymaker Jonathan Haskel warned against rushing to cut interest rates.
NZD/USD snaps its three-day winning streak, depreciating to near 0.5990 during the Asian hours on Thursday.
The EUR/JPY cross trades with a mild negative bias around 163.75 during the early European session on Thursday.
The USD/CAD pair attracts some buyers during the Asian session on Thursday and for now, seems to have snapped a three-day losing streak, albeit lacks follow-through.
EUR/USD continues to lose ground for the third successive session on Thursday, inching lower to near 1.0820 during the Asian session.
Gold price (XAU/USD) continues with its struggle to make it through the $2,200 mark and oscillates in a range during the Asian session on Thursday.
The Australian Dollar (AUD) manages to recover its intraday losses and extends its gains on Thursday.
Indian Rupee (INR) edges lower on Thursday amid the higher demand for the US Dollar (USD) from oil importers and the hawkish remarks from the Federal Reserve (Fed) officials.
Japan’s Chief Cabinet Secretary Yishimasa Hayashi said on Thursday, he “won't rule out any options against excessive currency moves.” On Wednesday, Hayashi said that he is “closely watching FX moves.” .
The Japanese Yen (JPY) struggles to capitalize on the previous day's modest recovery against its American counterpart from the lowest level since 1990 and edges lower during the Asian session on Thursday.
The ASX 200 Index rises to nearly 7,900, up by 0.26% on Thursday, extending gains to new record highs.
On Thursday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0948 as compared to the previous day's fix of 7.0946 and 7.2259 Reuters estimates.
Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $81.50 on Wednesday.
Australia’s Retail Sales, a measure of the country’s consumer spending, dropped 0.3% MoM in February from the previous reading of a 1.1% rise, according to the official data published by the Australian Bureau of Statistics (ABS) on Thursday.
Australia Private Sector Credit (YoY) rose from previous 4.9% to 5% in February
Australia Private Sector Credit (MoM) rose from previous 0.4% to 0.5% in February
Australia Retail Sales s.a. (MoM) below forecasts (0.4%) in February: Actual (0.3%)
Bank of Japan (BoJ) published the Summary of Opinions from its March monetary policy meeting on March 18 and 19, with the key findings noted below.
Australia Consumer Inflation Expectations declined to 4.3% in March from previous 4.5%
New Zealand ANZ Business Confidence declined to 22.9 in March from previous 34.7
Japan Foreign Investment in Japan Stocks up to ¥-891.4B in March 22 from previous ¥-1461.6B
The GBP/USD pair attracts some sellers to 1.2614 after retreating from a daily high of 1.2640 during the early Asian session on Thursday.
The Swiss National Bank (SNB) Vice President Martin Schlegel said late Wednesday, repeating the SNB’s longstanding position as regards the Swiss Franc (CHF).
The Australian Dollar finished Wednesday’s session virtually unchanged against the US Dollar following the Aussie’s inflation report and a scarce economic docket in the United States (US).
Federal Reserve Governor Christopher Waller said on Wednesday that recent weak inflation data supports the case for Fed holding off on cutting its short-term interest rate target, per Reuters.
The NZD/USD pair is operating at around 0.6000 with losses, The market landscape is primarily dominated by sellers, underscored by a prevailing negative trend.