The markets were trading muted on Monday with the U.S. market closed on account of a bank holiday. The USD index was seen easing back on the day, extending the declines for the third consecutive session.
In the early Asian session, the Reserve Bank of Australia released the monetary policy meeting minutes. The day ahead will see the Swiss trade balance figures coming out. Forecasts show a modest increase to 2.24 billion. The eurozone’s current balance figures will follow.
The UK will be reporting on its labor market data today. The average earnings index is expected to rise slightly higher to 3.5%, up from 3.4% previously. The unemployment rate is expected to remain steady at 4.0%.
Germany’s ZEW economic sentiment index is due later and is expected to show the index easing to -14.1 from -15.0 previously.
The overnight session will see the producer prices index data for the fourth quarter coming out of New Zealand.
