Top reading for the consumer price index in the euro-zone economic calendar for the month of January during European hours. Projected annual inflation rate to rise to 0.9%, then edged back down to 0.8% recorded in December.
The German report came like yesterday's disappointing just as likely, prompting the euro to decline amid speculation surrounding the impending start of the European Central Bank extended stimulus efforts. Sample scenario might repeat this time. In fact, the last basket of the PMI data emphasized that "deflationary forces are clearly a concern in many euro-zone countries." This and maintain the sites selling a pair euro/dollar.
Later in the day, turns attention to the final audit of the US consumer confidence index for January released by the University of Michigan. Of the expected emergence of bullish review, which will provide support to Treasury bonds and the dollar amid traders looked to continue the Federal Reserve reducing asset purchases. Moreover, a similar report by the Conference Board reading better than expected of confidence earlier in the week, which establishes the premise the emergence of positive results.
Beyond Japanese yen on the back of growing safe haven flows, while toil Australian dollar and the Canadian and New Zealand under the weight of heavy selling pressure amid a wave of risk aversion swept financial markets during the evening session. Regional equity MSCI index for Asia & Pacific, lost 1.5%.
