A quiet start to a quiet week. German industrial production for February is the mainrelease today and is expected to rise 0.1% m/m following a strong increase of 0.8%m/m in January. GDP for Q1 is currently tracking 0.7%.
Tonight Fed’s Bullard speaks and US credit data are released later in the evening.
Rest of the week the main events will be BoJ (Tuesday), FOMC minutes(Wednesday), Chinese CPI (Friday) and US consumer confidence from theUniversity of Michigan for April (Friday).
Inflation will be the main focus in the Nordic economies this week, especially inSweden where Thursday’s inflation numbers are expected to show a fall to -0.3%. Inlight of this, we expect the Riksbank to cut interest rates in July. We do not expectrates to be adjusted at Wednesday’s meeting, although this cannot be ruled out.
Read the full report: FX Daily
Danske Bank