Today is after two events: the FOMC and the RBNZ. With the statement, Fed was overall more hawkish while the currency of the RBNZ was more bearish. One of the strongest currencies trading today is the NZD as seen in the figures. If the NZD is higher versus the EUR and the CHF, it looks as if Germany will report CPI as of -0.2% MoM against -0.1% MoM; giving justification in some respects that pitted against other currencies, the NZD has changed only a bit.
EUR and CHF appear to be the weakest currencies. They will certainly be moving along together as the pair is presently reduced to 1.2057 and the SNB reported that they will continue to protect the level of 1.2000 vs. their main trading partner. So it is expected that the lowering of EUR will be the same for the CHF.
The U.S. weekly Initial Claims for the present week will soon be released with the estimate of 285K against 283K. The MA for 4 weeks has to continue nearer the low levels since 2000. Germany will be giving out the aggregate figure of the CPI at9:00 o’clock this morning with the pieces being released that appeared more like -0.2 to -0.3% against estimate of -0.1% estimate for the month. Chairman Yellen will speak at the same time so any insight from him will be important to consider.