Forex Daily Outlook – June 20 2011

ECOFIN Meetings in Europe and Adam Posen speech in in Madrid are the main highlight on today’s outlook. Let’s see what awaits us today.

In Canada, Mark Carney, Bank of Canada Governor, is about to deliver a speech in Ottawa;

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

In Europe, Current Account, measuring the values of current businesses, interest costs, services and goods, on May it reduced to -4.7 billion and a small gain to -4.8 million is expected now.

More in Europe, Producer Price Index (PPI) measures the prices changes of sold products, important for consumer inflation in Germany, on May reduced to 1% and further reduce is predicted to 0.2%.

Finally in Europe, ECOFIN Meetings, The Economic and Financial Affairs Council in Brussels, European governments members meet to discuss monetary issues followed by formal statement covering.

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

In Great Britain, Adam Posen, Bank of England, Monetary Policy Committee member is about to speech in Madrid.

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

In New Zealand, Visitor Arrivals, measuring the temporary visitors from abroad that arrived in the country over the last month, is about to rise to 8.2%.

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

Trade well