- South Korean Unemployment Rate (survey 3.2%, prior 3.1%)
- Japan CGPI y/y (survey -1.9%, prior -2.1%)
- Japan Core Machinery Orders m/m (survey 1.5%, prior 5.6%)
- Japan Tertiary Industry Activity Index m/m (survey -0.4%, prior 0.1%)
- Australia Westpac Consumer Sentiment ( prior -2.5%)
- Australia Housing Starts q/q ( survey 2.0 % , prior -12.6% )
Moody’s warning of US downgrade ( have we heard from S&P yet ?) , market anticipation that the Fed will do something later in the week to stimulate the economy , and a likely approval by the German Court tomorrow of the ESM (conditions are the key) at the un-Godly hour of 4 am EDT/08:00 GMT if you want to set your alarm clocks , has put pressure on the greenback across the board .
We might get bouts of profit-taking , position squaring but any dollar rallies during this time zone will be short-lived .
Good Luck Today .
Side Note : Egan-Jones Text: Affirms U.S. At AA; Negative Outlook -MNI
