The U.S. dollar managed to post some moderate gains on Monday amid lack of any fundamentals to go by. Japan’s all industries activity was seen rising 0.5% on the month which beat forecasts of a 0.4% increase.
Canada’s wholesale sales fell 0.1% on the month which missed estimates. Previous month’s data was revised down to 1.1%. The British pound was seen easing back on Monday on concerns about the UK’s government stability in light of the Brexit negotiation.
The economic calendar for the day will see Japan’s core CPI from the BoJ being released. Core inflation was seen rising 0.5% for the previous month.
The European session will see Germany’s producer prices data coming out. German PPI is expected to rise 0.3% on the month, marking the same pace of increase as the month before.
The NY trading session is quiet with no major releases scheduled. FOMC member Bostic is scheduled to speak later in the evening. The Bank of England Governor, Mark Carney will also be speaking today.
