Trade balance. China, 05:00 (GMT+2) 07 Sep

07Sep.202304:00

Trade balance. China, 05:00 (GMT+2)

At 05:00 (GMT+2) in China, August data on the trade balance will be published. This indicator captures the difference between the amount of payments for exported and imported goods. The indicator is forecasted to decrease from 80.60B US dollars to 78.00B US dollars, which may put pressure on the yuan quotes.

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07 Sep. 2023 02:30

Building permits. Australia, 03:30 (GMT+2)

At 03:30 (GMT+2), Australia will publish data on building permits issued. The indicator monthly captures the change in the number of applications for the construction of real estate approved by the government, and is one of the most important indicators of the sector. It is expected that the indicator will accelerate the negative dynamics from –7.9% to –8.1% MoM. The implementation of the forecast may act as a driver for the reduction of the Australian dollar.

07 Sep. 2023 07:00

Industrial production. Germany, 08:00 (GMT+2)

At 08:00 (GMT+2) in Germany, July data on industrial production will be published. The indicator captures the change in the volume of output of industrial goods and utilities in the country. Its calculation considers the manufacturing and mining industries, as well as the electric power industry. The value is expected to correct to –0.2% from –1.5% a month earlier. The implementation of the forecast will act as a driver for the strengthening of the euro.

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