PreMarket: U.S. Dollar sinks ahead of economic data

PreMarket: U.S. Dollar sinks ahead of economic data

Pre-market trading activity and scheduled economic data that may have an impact on the global financial markets. ​

WORLD HEADLINES – The U.S. dollar sank to its weakest level since June before key economic data reports that may add to signs growth in the world’s largest economy is losing momentum. The slide was felt across the globe, from emerging markets to commodities.


STOCKS – Emerging markets have soared 33 percent from a January low, driving valuations to the highest level in 15 months.


BONDS – The yield on U.S. Treasuries due in a decade fell three basis points to 1.53 percent. Rates on similar-maturity debt in Germany and Japan decreased by about one basis point to minus 0.08 percent and minus 0.10 percent, respectively.


COMMODITIES – Gold advanced 0.9 percent amid a decline in the dollar. Silver and platinum both added more than 1 percent.


CURRENCIES – The U.S. dollar fell as recent weak U.S. economic data was seen limiting the prospects for a near-term interest-rate rise.


 

ECONOMIC DATA – CAD Manufacturing Sales, US Building Permits, CPI and Housing Starts all due at 8:30, Industrial Production m/m at 9:15, NZD Employment Change and PPI at 18:45 ET.


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