The U.S. dollar was seen trading mixed on Friday. Investors are looking to a busy trading week that will see the Fed’s meeting and the ECB and the BoJ central bank decisions.
On Friday, Japan’s GDP showed that the quarterly expansion declined to a revised 0.2%. This was more than the forecasts which suggested that the GDP would be revised to show a decline of 0.1% instead.
Data from the Eurozone continued to remain weak with German industrial production falling 1.0% on a month over month basis. The data comes ahead of the ECB’s meeting this week where policy makers are likely to debate on the QE exit plans.
Canada’s jobs report showed that wage growth advanced strongly as the unemployment rate held steady at 5.8%. However, the economy posted net decline in jobs. The monthly employment change fell 7.5k on the month extending from 1.1k declines just the month before.
Looking ahead, the economic calendar today will see the release of the UK’s manufacturing and industrial production figures. Estimates show that manufacturing production increased 0.3% on the month while industrial production advanced 0.1% on the month.
