Eurozone Consumer Price Index (CPI) inflation sees growth
Published: Wednesday 30 November 2016
Plenty of data releases today.
The US Dollar has stayed within a tight range despite better than expected data. The Automatic Data Processing (ADP) jobs report showed 216k growth in private sector jobs in November, much stronger than the expectation of 160k. But the previous month's figure was revised down from 147k to 119k. US personal income also grew 0.6% in October while spending grew 0.3%.
Meanwhile Canada’s Gross Domestic Product (GDP) grew 0.3% month on month in September and the Canadian Dollar has been boosted by today’s rising oil price which has responded to rumours of an OPEC production cut.
Eurozone Consumer Price Index (CPI) inflation rose to 0.6% year on year in November, in line with consensus. German unemployment dropped slightly leaving their unemployment rate was unchanged at 6.0%.
The US Fed’s Beige book economic report is due this evening and tomorrow will see manufacturing data releases from China, UK and the USA who will also publish their jobless claims numbers.
Latest FX news by Chris Verdet