Over the weekend we had a large negative print in NZD trade balance, alone with the overall equity markets went down to give us a risk off sentiment. However, NZD did not go down because it is still a high interest rate currency and no other significant news to drag it down.
BOJ comments today were similar to last week, as more positive for JPY, alone with the risk off sentiment, we saw JPY strengthened.
We also had slightly better German Ifo business climate, and nothing significant from ECB Draghi’s comment other than that Eurozone is doing better than expected after the Brexit.
Another non significant comment from SNB Jordan as well stating CHF is overvalued, and lower interest rate is preferred.
WTI was an up day but large sell off in CAD due to risk off sentiment and last week’s worse than expect core CPI and CPI datas and retail datas.
We have comments from BOC later tonight and monetary policy minutes from JPY, other than that it was a quiet Monday as usual.
Over the weekend we had a large negative print in NZD trade balance, alone with the overall equity markets went down to give us a risk off sentiment. However, NZD did not go down because it is still a high interest rate currency and no other significant news to drag it down.
BOJ comments today were similar to last week, as more positive for JPY, alone with the risk off sentiment, we saw JPY strengthened.
We also had slightly better German Ifo business climate, and nothing significant from ECB Draghi’s comment other than that Eurozone is doing better than expected after the Brexit.
Another non significant comment from SNB Jordan as well stating CHF is overvalued, and lower interest rate is preferred.
WTI was an up day but large sell off in CAD due to risk off sentiment and last week’s worse than expect core CPI and CPI datas and retail datas.
We have comments from BOC later tonight and monetary policy minutes from JPY, other than that it was a quiet Monday as usual.