Greenback Waiting For Nonfarm Payrolls, Pound Boosted
The greenback has reinforced in anticipation of NFP release, which will carry a great impact upon market. Still, some weakness is still present in the currency, especially versus the single currency and Loonie. The Pound is the firmest currency, boosted by the news that UK government signed a 13.26 billion dollars (9.3 billion pounds) deal.
Atlanta Fed release its outlook, where US Gross Domestic Product is expected to increase 5.4 annualized level in the fourth quarter, marking the strongest quarter since the global financial crisis. But, Atlanta Fed’s forecasts are claimed to be unreliable, so we’ll have to wait and see whether they will live up. Meanwhile, Bank of Japan is planning to purchase an illimitable number of long-term government bonds. Buying of 5- to 10- years bonds was lifted to 450 billion yen from 410 billion yen.
As of data, New Zealand building permits fell -0.6% mom in December. Japan monetary base grew 9.7% yoy last month. Australia Purchasing Price Index was up 0.6%, 1.7% yoy in the fourth quarter. Today, Britain will feature construction PMI, the Eurozone will announce Purchasing Price Index and US will present non-farm payrolls, factor orders and U of Michigan sentiment final.