American FX Outlook: US tax reform finale

Mario Blascak, PhD Independent Analyst

What you need to know

Senators in the US are heating up for the final stage of political debate about the shape of the US tax reform.
There are little-to-no events on macro data front on Friday after central banks-intensive week.
The US Empire state manufacturing and industrial production headline Friday.

Friday’s market moving events

The Bank of England bulletin will be published summarizing economic and financial markets development in the UK.
The Bank of England chief economist Andy Haldane is set to speak at the International Rome Conference on Money, Banking, and Finance, in Palermo at 13:15 GMT.
The Empire State manufacturing index is seen decelerating to 18.6 in December.
The US industrial production is expected to rise 0.3% m/m in November after 0.9% in October.

Major market movers

The NZ Dollar is a mover of the day jumping up on upbeat comments from New
Zealand Finance Minister Robertson.
The US Dollar trades steady against major counterparts as investors digest the Central banks heavy week ahead of Christmas week.

Earlier in Asia/Europe

New Zealand Finance Minister Robertson said that he is "comfortable" with the trend in NZ dollar.
The Eurozone trade balance reached a surplus of 18.9 billion EUR in October.

Author

Mario Blascak, PhD

Independent Analyst

Dr. Mário Bla&scaron;čák worked in professional finance and banking for 15 years before moving to journalism. While working for Austrian and German banks, he specialized in covering markets and macroeconomics.

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