Dollar Up, but Below Previous Day’s High, Ahead of Finance Ministers’ Gathering

NZD: Consumer Price Index (CPI), Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate. Forecast 2.0%.

EUR: Final CPI y/y, it measures change in the price of goods and services purchased by consumers. Forecast 7.5%.

EUR: Final Core CPI y/y, it measures change in the price of goods and services purchased by consumers, excluding food, energy, alcohol, and tobacco. Forecast 3.0%.

USD: Philly Fed Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers in Philadelphia. Forecast 21.9.

USD: Unemployment Claims, it measures number of individuals who filed for unemployment insurance for the first time during the past week. Forecast 177K.

GBP: MPC Member Mann Speaks, BOE MPC members vote on where to set the nation’s key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.

EUR: Consumer Confidence, Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity. Forecast -20.

USD: CB Leading Index m/m, it measures number of individuals who filed for unemployment insurance for the first time during the past week. Forecast 0.3%.

USD: Natural Gas Storage, it measures change in the number of cubic feet of natural gas held in underground storage during the past week. Forecast 40B.

USD: Fed Chair Powell Speaks, As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

GBP: BOE Gov Bailey Speaks, As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

EUR: ECB President Lagarde Speaks, As head of the ECB, which controls short term interest rates, she has more influence over the euro’s value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy.

USD: Fed Chair Powell Speaks, As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.