It will be a quiet day in our economic calendar as EURUSD traders await the Germany August PPI figures due at 6:00GMT. The Bank of England quarterly bulletin will be released at 14:00. Eurozone Consumer Confidence data will be out at 14:00GMT. In the American forex calendar the Canadian Retail Sales data due at 12:30GMT while oil traders will focus on Baker Hughes US Oil Rigs Count data due at 17:00GMT
During the Asian trading session, PBOC lowered the one-year lending rate to 4.20% from 4.25%. Japan National Consumer Price Index (year over year) registered at 0.3%, below forecasts of 0.6% in August.
Asian indices are trading mixed today, Nikkei is adding 0.14% at 22,074, the Hang Seng is 0.02% higher at 26,477. EURUSD trades 0.13% higher at 1.1054; the USDJPY is 0.13% lower at 107.86 while the AUDUSD is 0.21% higher at 0.6806.
The central bank of China set the Yuan rate (USDCNY) at 7.0730 versus yesterday fix at 7.0732.Don’t miss a beat! Follow us on Telegram and Twitter.