Investing.com - The Australian dollar rose in early Asian trade on Monday ahead of a slate of economic data and a day ahead of a latest review of the cash rate by the Reserve Bank of Australia.
AUD/USD traded at 0.9131, up 0.23%, with the AI Group manufacturing index and the TD-MI inflation gauge, both for November, kicking off a day that also includes third quarter business inventories and the November Reserve Bank of Australia index on commodity prices.
USD/JPY traded at 102.46, up 0.02%, on continued expectations that aggressive monetary easing by the Bank of Japan will stay in place and even possibly accelerates in 2014.
Japan is to publish data on capital spending, a leading indicator of economic health.
Last week, euro ended the week near one-month highs against the dollar and EUR/USD traded at 1.3591, down 0.01%, on Monday. Data showed that annual rate of inflation in the euro zone rose more-than-expected in November, easing concerns over further rate cuts by the European Central Bank.
Eurostat said the annual rate of consumer inflation rose by 0.9% in November, recovering from a four year low of 0.7% in October. Economists had forecast an annual increase of 0.8%.
The euro ended the week 1.46% higher against the broadly weaker yen, with EUR/JPY settling at 139.21, the highest level since June 2009.
In the week ahead, investors will be focusing on Friday’s U.S. nonfarm payrolls report for November, amid expectations that the Federal Reserve will start to scale back its stimulus program at one of its next few meetings.
Meanwhile, rate decisions by the ECB, the BoE, the Reserve Bank of Australia and the Bank of Canada will also be in focus.
On Monday, China is to release the final reading of its closely watched HSBC manufacturing PMI and the euro zone reports revised data on its manufacturing PMI, while Spain and Italy are also to release individual reports.
Switzerland is to publish the results of its SVME manufacturing PMI, and the U.K. is to release its manufacturing PMI.
Federal Reserve Chairman Ben Bernanke is to speak at an event in Washington. Later Monday, the Institute of Supply Management is to release its manufacturing PMI.
AUD/USD traded at 0.9131, up 0.23%, with the AI Group manufacturing index and the TD-MI inflation gauge, both for November, kicking off a day that also includes third quarter business inventories and the November Reserve Bank of Australia index on commodity prices.
USD/JPY traded at 102.46, up 0.02%, on continued expectations that aggressive monetary easing by the Bank of Japan will stay in place and even possibly accelerates in 2014.
Japan is to publish data on capital spending, a leading indicator of economic health.
Last week, euro ended the week near one-month highs against the dollar and EUR/USD traded at 1.3591, down 0.01%, on Monday. Data showed that annual rate of inflation in the euro zone rose more-than-expected in November, easing concerns over further rate cuts by the European Central Bank.
Eurostat said the annual rate of consumer inflation rose by 0.9% in November, recovering from a four year low of 0.7% in October. Economists had forecast an annual increase of 0.8%.
The euro ended the week 1.46% higher against the broadly weaker yen, with EUR/JPY settling at 139.21, the highest level since June 2009.
In the week ahead, investors will be focusing on Friday’s U.S. nonfarm payrolls report for November, amid expectations that the Federal Reserve will start to scale back its stimulus program at one of its next few meetings.
Meanwhile, rate decisions by the ECB, the BoE, the Reserve Bank of Australia and the Bank of Canada will also be in focus.
On Monday, China is to release the final reading of its closely watched HSBC manufacturing PMI and the euro zone reports revised data on its manufacturing PMI, while Spain and Italy are also to release individual reports.
Switzerland is to publish the results of its SVME manufacturing PMI, and the U.K. is to release its manufacturing PMI.
Federal Reserve Chairman Ben Bernanke is to speak at an event in Washington. Later Monday, the Institute of Supply Management is to release its manufacturing PMI.