Significant events to affect the pair EUR/USD for the week ending March 16th, 2012 are as follows:
On Monday, March 12th, 2012, Germany’s wholesale price index was reported in the euro zone while Italy reported its data on gross domestic product. In United States, monthly budget statement was published.
On Tuesday, March 13th, 2012, data on French consumer price index and current account was reported in the euro zone. Italy also published its data on CPI index while ZEW survey on economic sentiment was published for both the Germany and the euro zone. In United States, data on retail sales and business inventories was reported while NFIB released its data on Small Business Optimism. IBD/TIPP released its data on economic optimism in US. Moreover, US Federal Open Market Committee announced its rate decision.
On Wednesday, data on consumer price index and industrial production will be released in the euro zone. In United States, data on mortgage applications, import price index, current account balance and inventories data by US Department of Energy is to be released. Moreover, US Federal Reserve’s Chairman Ben Bernanke will address to community bankers in Nashville which will be closely watched to get hints for future direction of monetary policy.
On Thursday, March 15th, European Central Bank will publish its monthly report. Italy reported its general government debt while the single current region published its separate data on employment and labor costs. In United States, data on producer price index, initial jobless claims, continuing claims, TIC flows and natural gas inventories data by Energy Information Administration.
On Friday, March 16th, data on Italian trade balance and current account will be published while euro zone will release its separate figure on the region’s trade balance. In United States, data on consumer price index, industrial production and capacity utilization will be released.
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