With no American figures today, European and Canadian inflation figures are the highlights. Let’s see what’s up for this day in the middle of the week:
In Europe, German PPI is expected to show more deflation in Europe, with an expected fall of 0.1%. Later in Europe, Current Account is predicted to show a growing deficit of 1.7 billion. For more on the Euro, read the EUR/USD Outlook.
British MPC Meeting Minutes might give an answer to why Mervyn King and co. decided to expand the Quantitative Easing program. Afterwards, British CBI Industrial Order Expectations is expected to show a small improvement, and rise from -59 to -50, still in the negative zone.
For more on the British Pound, read the GBP/USD Outlook.
Deflation is looming also above Canada. CPI is predicted to fall by 0.2%, and Core CPI to rise by only 0.1%. A rate hike in Canada isn’t expected till the end of the year.
Later in Canada, the Leading Index, a composite figure, is predicted to show some growth, rising by 0.2%.
For more on the Canadian dollar, read the USD/CAD Outlook.Get the 5 most predictable currency pairs