Data released:
06:00 Germany Current account (July) unadjusted, bln 7.5 9.5 11.5 (11.9)
06:00 Germany Trade balance (July) unadjusted, bln 10.4 11.0 12.7
11:00 UK BoE meeting announcement 0.50% 0.50% 0.50%
11:45 EU(17) ECB meeting announcement 1.50% 1.50% 1.50%
12:30 EU(17) ECB press conference
12:30 USA Jobless claims (week to 03.09) 414K 405K 412 (409)K
12:30 USA International trade (July), bln -44.8 -50.0 -51.6 (-53.1)
12:30 USA Export (July), bln 178.0 - 170.9
12:30 USA Import (July), bln 222.8 - 223.9
19:00 USA Consumer credit (July), bln +12.0 +6.0 +11.3 (+15.5)
20:30 USA M2 money supply (29.08), bln +30.4 - +17.9
23:50 Japan Real GDP (Q2) revised -0.5% -0.5% -0.3%
23:50 Japan Real GDP (Q2) revised Y/Y -2.1% -2.0% -1.3%
23:50 Japan (M2+CDs) money supply (August) Y/Y 2.7% 2.9% 3.0 (2.9)%
The Australian dollar trimmed yesterday’s 1.7% surge against its U.S. counterpart after the statistics bureau said that employers unexpectedly shed jobs for a second consecutive month in August. The number of people employed fell by 9,700, compared with the median estimate for a 10,000 increase. The jobless rate climbed to 5.3%, the highest since October, from 5.1% in July.
EUR/USD printed lows on $1.4050 before set stable between the $1.4060/90 range. But soon psales resumed and rate fell to $1.3880.
GBP/USD tested $1.5920 before recovered to $1.5942 and later - to $1.6080. Rate failed to set above and retreated to $1.5950.
USD/JPY fell from Y77.42 to Y77.29. Later dollar printed highs on Y77.60.
UK PPI data coming at 08:30 GMT. The same time UK Jul trade balance figures will come.
Canada's labor market data will be released at 11:00 GMT with US wholesale inventories - at 14:00 GMT.