There were no data releases from Australia yesterday. Markets in mainland China and Taiwan remain closed for the rest of the week for the Lunar New Year holidays, while Japan resumes Friday. An update on Malaysian factory output is due Thursday and the Philippines reviews benchmark rates. Only secondary data are released today, with Australian consumer inflation expectations data showing 3.6% increase. Westpac senior currency strategist Sean Callow says the dollar is rising on the back of European stock rises and as the greenback slumps US Federal Reserve chair Janet Yellen’s push back on talks of rate rises.
From Australia, tomorrow, Home Loans data will be published. Incline by 2.9% is predicted. In the US session Retail Sales and Consumer Sentiment figures are scheduled for a release. Analysts are forecasting 0.1% increase in Retail Sales, while Consumer Sentiment should rise to 92.6.
Figures to watch:
Home Loans (Friday 1:30)
Retail Sales (Friday 14:30)
Prelim UoM Consumer Sentiment (Friday 16:00)
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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