Markets opened the week on a positive note looking closely at inflation and growth. In Europe inflation remains high in Norway and the Czech Republic, while in industrial Production in both Belgium and Italy remain severely depressed. European markets will look ahead to the ECB’s interest rate decision, on Thursday, and see how they process the inflation v growth scenario. They are expected to leave rates unchanged, ostensibly to allow previous rises to flow through the economy. All eyes will be on US inflation data, set to be released Wednesday, which is expected to cool. If it does not, then there will be serious questions leading into next week’s Fed rate decision. The US Dollar eased, despite bond yields remaining bid, allowing some relief for the currencies. The GBP bounced back above 1.2500, while the EUR pushed back to 1.0740, ahead of the key ECB meeting.
The softer reserve allowed the commodity currencies to stablise, with the AUD breaking back above 0.6400, while the NZD looked to regain 0.5900. All eyes remain firmly on inflation and growth data.
市场本周开盘积极，股市收盘逐步走高。 在欧洲，挪威和捷克共和国的通胀仍然很高，比利时和意大利的工业生产仍然严重低迷。 欧洲市场将关注周四欧洲央行的利率决定，看看他们如何平衡通胀与经济低迷的情况。 预计他们将维持利率不变，声称让货币政策发酵。市场的目光都集中在定于周三公布的美国通胀数据上，预计该数据将会继续降温。 如果没有，那么下周美联储利率决议将面临分歧。 债券收益率仍处于高位盘整，美元走软，这让各货币汇率压力有所缓解。 在关键的欧洲央行会议之前，英镑反弹至 1.2500 以上，而欧元则回升至 1.0740。
美元的走软使得商品货币企稳，澳元回升至0.6400上方，而纽元则有望重回0.5900以上。
English (New Zealand) 
简体中文