Morning Market Updates – Euro Looks for Support
Total Vehicle Sales in the United States came in at 16.51M and went down below expectations with a value of 16.6M. New Zealand NZIER Business Confidence (QoQ) rose up from a previous value of 17% to 18% in the second quarter. South Korea’s Consumer Price Index Growth (YoY) went down below forecasts with a value of 2% and was registered at 1.9%.
Australian Retail Sales s.a. (MoM) was registered at 0.6% and went above forecasts with a value of 0.2%. Moving on for the day, we have major news coming in from Australia with RBA’s Interest Rate Decision Statement which is forecasted to hold the interest rates at 1.5%.
The sterling pound seems to have taken a slight dip with the PMI Construction forecasted at 55 against a previous release of 56. Late in the day, we have Euro’s Inflation Report Hearings
which should see some improvement with the Producer Price Index as they have been on a steady growth in the recent months.
Canada’s Markit Manufacturing PMI looks to continue with a steady growth in the day. Greenback doesn’t have any major news due to the American Independence Day today.
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This article was originally posted on FX Empire