The U.S. dollar was seen easing back from the gains on Wednesday with not much of data. Australian GDP was seen rising 1.0% which was better than the expected print of 0.9%. The fourth quarter GDP data was also seen revised slightly higher to 0.5%.
Swiss inflation report was seen rising 0.4% which was higher than the forecasts of 0.3% and showed acceleration from 0.2%. Data from Canada showed that building permits fell 4.6%. This was higher than the forecasts of a 1.0% decline. The previous month’s data was revised down to 1.3%.
In the U.S. the revised nonfarm productivity was seen rising 0.4% on the quarter.
Looking ahead, the Eurozone GDP figures will be released. The revised GDP numbers are expected to show 0.4% on the quarter, unchanged from the previous estimate.
Later in the day, the BoC Gov. Poloz is expected to speak.
