FX Headlines: European Data Watch for July 9, 2013
EUROPEAN FX HEADLINES: WEEK OF JULY 7
EURO-ZONE ECONOMIC CALENDAR
There are no data on the Euro economic calendar for Tuesday, July 9.
UK ECONOMIC CALENDAR
Some mixed/disappointing UK data are due tomorrow, but in context of the stronger May and June PMI surveys, it is possible that both the Industrial Production (MAY) and Manufacturing Production (MAY) prints beat expectations modestly. Trade figures should remain depressed, as the Sterling was stronger in May. Overall, 2Q’13 UK growth appears to have strengthened, which should be reflected in another modest NIESR GDP Estimate (JUN).
SWISS ECONOMIC CALENDAR
Recent data has been supportive of a stronger Swiss economy in recent months, and likewise, a solid print for the Retail Sales (MAY) report should be expected; a print around the prior reading’s +3.3% y/y is reasonable, and would be supportive of the Swiss Franc in the crosses (AUDCHF, CADCHF, etc).
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--- Written by Christopher Vecchio, Currency Analyst
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