Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
01:30 Australia National Australia Bank’s Business Confidence March 3 6
06:00 Germany CPI, m/m (Finally) March 0.4% 0.8% 0.8%
06:00 Germany CPI, y/y (Finally) March 0.0% 0.3% 0.3%
08:30 United Kingdom Producer Price Index – Input (MoM) March 0.1% 2.6% 2.0%
08:30 United Kingdom Producer Price Index – Input (YoY) March -8.2% Revised From -8.1% -6.0% -6.5%
08:30 United Kingdom Producer Price Index – Output (MoM) March 0.1% 0.2% 0.3%
08:30 United Kingdom Producer Price Index – Output (YoY) March -1.1% -1.0% -0.9%
08:30 United Kingdom Retail prices, Y/Y March 1.3% 1.4% 1.6%
08:30 United Kingdom Retail Price Index, m/m March 0.5% 0.3% 0.4%
08:30 United Kingdom HICP, m/m March 0.2% 0.3% 0.4%
08:30 United Kingdom HICP, Y/Y March 0.3% 0.4% 0.5%
08:30 United Kingdom HICP ex EFAT, Y/Y March 1.2% 1.3% 1.5%
The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. import price index data. The U.S. import price index is expected to rise 1.0% in March, after a 0.3% fall in February.
The euro traded lower against the U.S. dollar in the absence of any major economic reports from the Eurozone. Destatis released its final consumer price data for Germany on Tuesday. German final consumer price index were up 0.8% in March, in line with the preliminary estimate, after a 0.4% rise in February.
On a yearly basis, German final consumer price index increased to 0.3% in March from 0.0% in February, in line with the preliminary estimate.
Energy prices dropped 8.9% year-on-year in March, while food prices climbed 1.3%.
Consumer prices excluding energy increased 1.4% year-on-year in March.
The British pound traded higher against the U.S. dollar on the better-than-expected consumer price inflation data from the U.K. The Office for National Statistics (ONS) released the consumer price inflation data for the U.K. on Tuesday. The U.K. consumer price index rose to 0.5% year-on-year in March from 0.3% in February, exceeding expectations for a rise to 0.4%.
The increase was mainly driven by rises in air fares and clothing prices. Food prices declined.
On a monthly basis, U.K. consumer prices increased 0.4% in March, exceeding expectations for a 0.4% gain, after a 0.2% rise in February.
Consumer price inflation excluding food, energy, alcohol and tobacco prices climbed to 1.5% year-on-year in March from 1.2% in February, beating expectations for an increase to 1.3%.
The U.K. house price index increased at a seasonally adjusted rate of 0.4% in February, after a 0.9% rise in January.
On a yearly basis, the U.K. house price index increased at a seasonally adjusted rate of 7.6% in February, after a 7.9% in January.
EUR/USD: the currency pair declined to $1.1393
GBP/USD: the currency pair rose to $1.4347
USD/JPY: the currency pair traded mixed
The most important news that are expected (GMT0):
12:30 U.S. Import Price Index March -0.3% 1.0%
18:00 U.S. Federal budget March -193 -104
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