Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:30 Australia Retail Sales, M/M January 0.0% 0.4% 0.3%
01:30 Japan Labor Cash Earnings, YoY February -0.2% Revised From 0.1% 0.2% 0.4%
The U.S. dollar traded mixed to lower against the most major currencies ahead of the release of the U.S. labour market data. Analysts expect that U.S. unemployment rate is expected to remain unchanged at 4.9% in February. The U.S. economy is expected to add 190,000 jobs in February, after adding 151,000 jobs in January.
The U.S. trade deficit is expected to widen to $44.0 billion in January from $43.36 billion in December.
The euro traded higher against the U.S. dollar in the absence of any major economic reports from the Eurozone.
The British pound traded mixed against the U.S. dollar in the absence of any major economic reports from the U.K.
The Canadian dollar traded mixed against the U.S. dollar ahead of the Canadian economic data. The Canadian trade deficit is expected to widen to C$1.05 billion in January from C$0.59 billion in December.
EUR/USD: the currency pair rose to $1.0989
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair fell to Y113.73
The most important news that are expected (GMT0):
13:30 Canada Trade balance, billions January -0.59 -1.05
13:30 U.S. International Trade, bln January -43.36 -44
13:30 U.S. Average hourly earnings February 0.5% 0.2%
13:30 U.S. Unemployment Rate February 4.9% 4.9%
13:30 U.S. Nonfarm Payrolls February 151 190
15:00 Canada Ivey Purchasing Managers Index February 66 59