American FX Outlook: US budget set to swing to surplus in January
|What you need to know before markets open:
- The most important driver of the week ahead in the US will be Wednesday’s inflation and retail sales reports.
- The third week of February though starts on a light mode with only US budget balance out.
Monday’s market moving events
- British Prime Minister Theresa May to set out “Road to Brexit” in speech with no particular day scheduled.
- The US monthly budget statement is set to report a surplus of $108.8 billion in January.
- The RBA Governor assistant Luci Ellis is scheduled to speak about the economic outlook at the Australian Business Economists Forecasting Conference, in Sydney at 21:50 GMT.
Major market movers
- The US Dollar eased slightly from the last week’s highs as global equity markets stabilized on Monday and the economic calendar remained empty of an important event.
Earlier in Asia/Europe
- Swiss CPI fell -0.1% m/m in January while decelerating to 0.7% over the year.
- Global equity markets stabilized on Monday with Japan off and European equity indices up more than 1%.
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