EUR - Europe
German Industrial Production for March dips 0.1 percent month over month. Comparatively, the year over year figure rose to 7.7 percent, lower than expected.
AUD and NZD - Commodity Dollars
Australian March retail sales rises 1.1 percent on the month over month assessment. The figure comes in stronger than expected and supports rate hike speculation.
March building approvals for the Australian economy declines lower than expected, print -11.4 percent on the month over month, and -9.6 percent on the annualized comparison. Counters previously released retail sales growth.
IMF Comments that New Zealand growth will be maintained below potential until 2009. Added that the current exchange rate is well above the long run average, may be subject to sharp fall on carry unwinding.
Yuan - China
China second quarter gross domestic product seen rising 10.8 percent on the year on year. Consumer prices expected to remain well above the 3 percent mark.
Watch Out For?.
British Pound consolidates at the 1.9915 (100 hMA) figure ahead of the BRC tonight.
Euro consolidating after the drop through 1.3600 in the London session. Now consolidating ahead of the 1.3550 figure.
Japanese yen breaks down in the overnight, looks to formidably test the 119.50 figure.