Dollar Toughens on Stimulus while Focus remains on Jackson Hole Symposium

Daily Update - 20th August 2019

Yesterday’s Market

• JPY Merchandise Trade Balance
• EUR Consumer Price Index

Yesterday’s Explained

Japan released their Merchandise Trade Balance which resulted negative and did not support the Safe haven currency any further. Euro further was pressured downward after Consumer Price Index came out negative pushed the Euro over the edge against the Dollar.

 

Today’s Market

• AUD RBA Minutes
• Germany Producer Price Index

Today’s Focus

To kick off an early opener for Tuesday will be reports from Australia’s Reserve Bank which will be published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee. Germany will release their Producer Price Index which measures the average changes in prices in the German primary markets. Changes in the PPI are widely followed as an indicator of commodity inflation.