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Forex Daily Outlook – August 19 2011

Public Sector Net Borrowing in the UK and Core CPI in Canada are the major events this day. Here is an outlook on the market-movers awaiting us.

In the US, William Dudley, President of the Federal Reserve Bank of New York, is about to deliver a speech in Lyndhurs.

In Canada, Consumer Price Index (CPI), value of the prices of services and goods is about to rise from -0.7% on July to 0.2% this time and the Core CPI is also expected to rise from -0.6% to 0.2%.

For more on USD/CAD, read the  Canadian dollar forecast.

In Europe, German Producer Price Index (PPI) measures changes in prices of finished products a good indicator of consumer inflation, about to be 0.2%, rise of 0.1% from the last report.

For more on the Euro, read the  Euroto dollar forecast.

In Great Britain, Public Sector Net Borrowing, measuring the spending and revenue received by the government indicating  UK’s economy condition, reduce from
12B on July to 0.4B this month is expected.

Read more about the Pound in the  GBP/USD forecast.

In New Zealand, Credit Card Spending, 4.5% is likely this month.

For more about the kiwi, see the NZD/USD forecast.

In Japan, All Industries Activity a rise of 0.3% is foreseen up to 2.3%.

Read more about the yen in the USD/JPY forecast.

For more events later in the week, check out the Live Forex Calendar

 

Anat Dror

Anat Dror

Anat Dror Senior Writer I conceptualize, design and create multi-lingual websites. Apart from the technical work, my projects usually consist of writing content for these sites in English, French and Hebrew. In the past, I have built, managed and marketed an e-learning center for language studies, including moderating a live community of students. I've also worked as a community organizer