Global Themes

Greenback weakens

The USDCNY fell to two-week lows on Friday as last week’s lower US inflation reading continued to pressure the USD.

The greenback drifted lower last week after gaining almost 5.0% over the last month.

Draghi drags EUR higher

The euro climbed as European Central Bank president Mario Draghi presented an upbeat view of the European economy.

The EURHKD lifted from five-month lows.

The Swiss franc also gained as the euro’s strength helped the Swiss franc strengthen.

The Japanese yen fell while the Australian dollar rallied.

US retail sales

The major US data this week will be tomorrow’s retail sales figures.

Otherwise, Chinese production numbers on Tuesday, and European inflation numbers on Wednesday, will be the major releases.

The Australian dollar will also be in focus this week wages and employment results due.

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