A quiet session
A gentle session to start a busy data week, but New Zealand dollar is weakest at the moment (CPI data out later in the week). Here was Eamonn's comment earlier over the weekend:
Wednesday 23 January - New Zealand CPI for Q4 2018
- Headline inflation is expected to show below the RBNZ forecast, while 'core' underlying inflation is likely to be a little above. Don't forget that after the Stats people in NZ publish the inflation numbers the RBNZ will publish their own measures later ... these are well worth watching as potential kiwi movers.
Strongest is EUR, remember the large expiry at 1.1400. It is 1.2 bn. Weak German PPI data was out earlier in the session.
