Mixed dollar last night

The dollar was mixed last night, where it weakened against the EUR and AUD, but strengthened against the yen. A disappointing UK CPI helped the dollar against the sterling, but until there’s more clarity on the Fed’s next step, the dollar will be prone to weakness.

ZEW surveys in Germany were mixed with the current situation indicator rising to 87.10 while the economic growth sentiment indicator fell back to 7.60.

UK headline CPI was below consensus at 4%, which hurt sterling initially.

Messy price action in the USDJPY followed closely to the development of the nuclear incident in Japan and the stock markets.

Data Today

Eurozone Industrial Production – 9am GMT

UK Unemployment Rate  - 8.30am GMT

UK jobless claims change – 8.30am GMT

US Retail Sales - 12.30pm GMT

US Fed Beige Book – 5pm GMT

Happy Trading!

FxTaurian