Only tier-2 data on the agenda today. The US Empire survey will give a first clueabout business confidence in September. It is expected to still be at a robust level of15. Industrial production data for the US are expected to have risen 0.3% m/m inAugust.
Developments in the Ukraine crisis will continue to be in focus and the Scottishreferendum will attract more attention as we head towards the vote on Thursday 18September. Polls are pointing in all directions at the moment and the campaign onboth sides is likely to intensify even further this week.
The Fed meeting on Wednesday will also be in focus. We see a 50-50 chance of achange to the forward guidance, as retail sales Friday provided yet more news that theeconomy is gaining strength
Read the full report: FX Daily