The U.S. Dollar traded weaker on Monday amid a host of mixed data. From the Eurozone, the Sentix investor confidence report showed a decline in the index for the fifth consecutive month. The index fell to -1.5 in January while the current situation index declined to 18 marking a one year low.
Germany’s factory orders report showed a decline in activity for the first time in four months in November. Factory orders went down 1.0% on a seasonally adjusted basis and were more than the median estimates.
Data from the United States showed that the ISM’s non-manufacturing PMI declined to 57.6 in December after rising to 60.7 in November. All significant sub-components of the services sector also showed a decline.
The economic data today will see the release of the German industrial production figures. Economists forecast industrial production to rise 0.3% following a decline of 0.5% previously.
From Canada, the trade balance figures will be public, and economists forecast trade balance to rise by 1.9 billion. Trade balance figures from the United States will be coming out later and is expected to show an increase to 54 billion.
