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    Foreign exchange market. Asian session: the U.S. dollar traded broadly lower against its major peers | 17.03.2015

     

    (Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual

     

     

    00:30 Australia RBA Meeting's Minutes

     

     

    03:00 Japan BoJ Interest Rate Decision 0.10% 0.10% 0.10%

     

     

    03:00 Japan Bank of Japan Monetary Base Target 275 275

     

     

    03:00 Japan BoJ Monetary Policy Statement

     

     

    06:30 Japan BOJ Press Conference

     

     

    The U.S. dollar traded lower against its major peers on Tuesday after the weaker-than expected economic data reported yesterday and ahead of this week's Federal Reserve policy meeting. The NAHB housing market index declined to 53 in March from 55 in February. It was the third consecutive decline. The U.S. industrial production increased 0.1% in February, missing expectations for a 0.3% rise, after a 0.3% drop in January. The NY Fed Empire State manufacturing index declined to 6.90 in March from 7.78 in February, missing expectations for a rise to 8.1.

     

     

    The euro further stabilized rebounding from 12-year lows set on Monday. Quantitative Easing and concerns over Greece continue to weigh on the single currency.

     

     

    The Australian dollar traded moderately higher against the greenback. The Reserve Bank of Australia published the minutes of the last policy meeting. The minutes stated that the cash rate cut to a record low at 2.25% in February needs time in order to have an impact on the economy and that additional rate cuts might be necessary to achieve the aimed effect. The aussie dipped after the minutes were released as the bank kept the door open to further rate cuts.

     

     

    New Zealand's dollar added gains against the greenback on Tuesday in the absence of any major economic reports from New Zealand. Today at 21:45 GMT the data on the country's Current Account will be reported.

     

     

    The Japanese yen traded higher against the greenback on Tuesday currently trading at USD121.26, further gaining ground from 8-year lows at USD122.20 set on Tuesday last week. The Bank of Japan held rates steady at 0.10% and the Monetary Base Target at 275 with an 8 to 1 vote and revised its inflation outlook on lower oil prices. Later in the day Japan's Trade Balance and Adjusted Merchandise Trade Balance will be reported.

     

     

    EUR/USD: the euro traded higher against the greenback

     

     

     

    USD/JPY: the U.S. dollar traded lower against the yen

     

     

     

     

     

     

     

     

    GPB/USD: Sterling added gains against the U.S. dollar

     

     

     

     

     

     

     

     

    The most important news that are expected (GMT0):

     

     

    (time / country / index / period / previous value / forecast)

     

     

     

     

    10:00 Eurozone Employment Change Quarter IV 0.2% 0.1%

     

     

    10:00 Eurozone ZEW Economic Sentiment February 52.7 58.2

     

     

    10:00 Eurozone Harmonized CPI February -1.6%

     

     

    10:00 Eurozone Harmonized CPI, Y/Y (Finally) February -0.3% -0.3%

     

     

    10:00 Eurozone Harmonized CPI ex EFAT, Y/Y February 0.6% 0.6%

     

     

    10:00 Germany ZEW Survey - Economic Sentiment February 53.0 58.9

     

     

    12:30 Canada Manufacturing Shipments (MoM) January 1.7% -1.1%

     

     

    12:30 U.S. Building Permits, mln February 1.06 Revised From 1.05 1.07

     

     

    12:30 U.S. Housing Price Index, m/m February 1.07 1.05

     

     

    20:30 U.S. API Crude Oil Inventories March -0.4

     

     

    21:45 New Zealand Current Account Quarter IV -5.01 -3.12

     

     

    23:00 Australia Conference Board Australia Leading Index January 0.4%

     

     

    23:30 Australia Leading Index February 0.1%

     

     

    23:50 Japan Trade Balance Total, bln February -1177

     

     

    23:50 Japan Adjusted Merchandise Trade Balance, bln February -406 -1210

     


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