EUR Rises on Inflation NumbersMarch 28, 2014 Posted by: Joe O'Leary
The euro rose for the first time in four days versus the dollar after German consumer-price inflation slowed less than some traders anticipated. India’s rupee completed its biggest quarterly advance since September 2012 as foreign investor’s boosted purchases of the nation’s assets on optimism a new government will hasten an economic recovery. Most Asian currencies strengthened this week, with the won and Malaysian ringgit set for their biggest gains in more than five months, as speculation mounted that China will take steps to combat a slowdown in the region’s biggest economy.
• U.S. Consumer Sentiment was 80.0 (was 79.9) (median 80.5) from 81.6 in February. It was the weakest reading since the 75.1 headline in November of last year.
• US personal income was up 0.3% (median 0.2%), while consumption was up 0.3% (median 0.2%).
• Japanese core CPI improved to a 1.3% y/y pace in February, extending the ongoing ramp up in CPI.
• U.K. Q4 GDP was confirmed at 0.7% q/q and 2.7% y/y in the third estimate, as had been widely expected.
• NYMEX crude at $101.57 into the N.Y. open, supported by an improving U.S. growth outlook, and firming global demand.
03/31 USD: Chicago Purchasing (Mar)
03/31 CAD: Canada GDP
03/31 EUR: German Ifo Business Climate, Expectations (Mar)
03/31 EUR: Consumer Price Index (Mar)
03/31 CAD: GDP (Jan)
03/31 JPY: Tankan Manufacturing Report (Q1)
03/31 RUB: Russian Manufacturing
04/01 GBP: UK PMI Manufacturing (Mar)
04/01 CAD: Canada Industrial Production
04/01 USD: ISM Manufacturing
Crude 102.1Read More