- Australia’s new motor vehicle sales post 3.0% rebound in Dec
- U.K. Rightmove HPI up by 1.4% this month
- Japanese revised industrial production figure at -0.5%
- Japan’s consumer confidence up from 37.7 to 38.8
- Swiss PPI and euro zone current account balance due
Major forex pairs were off to a slow start in today’s Asian trading session, as traders seem to figuring out their biases for the week. Data was light in the past few hours, with only a couple of medium-tier reports printed.
Australia’s new motor vehicle sales report showed a strong 3.0% rebound in December, although the Aussie barely benefitted from this release. AUD/USD is down 0.14% and is struggling to stay above .8200 while AUD/JPY is down 0.49%, as the Japanese yen had a bit of a rally halfway into the trading session.
EUR/USD is flat as of this writing and is holding on to the 1.5550 minor psychological handle while GBP/USD is up 0.04%. USD/JPY is down 0.39% but is finding support at the 117.00 mark and USD/CHF is up 1.2% near .8700.
Data from Japan came in line with expectations, as the November industrial production figure was revised to show a 0.5% decline while the consumer confidence reading improved from 37.7 to 38.8.
Up ahead, the forex calendar shows that it’s also a data-light London trading session, with only the Swiss PPI and euro zone current account balance due. Analysts predict that Switzerland could see a 0.6% decline December producer prices and might be in for a weaker than expected reading. Meanwhile, the euro zone is slated to print a larger current account surplus of 22.7 billion EUR from the previous 20.5 billion EUR figure.
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