India Rupee Falls For 3rd Day On Importers' Dlr Bids, Trade Data

The rupee settled at 69.49 against 69.49 at the previous close. The local unit moved in 69.47-69.6950 per dollar band intra-day.
The Indian rupee fell for a third consecutive session to a more-than-one-week low against the dollar, as greenback demand from importers and wider-than-expected trade deficit in March weighed on the local unit. Importers today accumulated dollars due to a holiday-truncated week, while impact of widening of trade deficit on month also added to the rupee’s fall. However, so far the equity market has seen sustained inflows that has proved positive for the local currency.

The dollar was still trading sideways in early trading in Europe Tuesday, after dipping late Monday on the back of comments from the Federal Reserve’s Charles Evans suggesting that there will be no change in interest rates for over a year.
The euro fell on Tuesday after several European Central Bank policymakers expressed doubt about a projected growth recovery in the second half of the year. The concerns about the euro zone's economy come five weeks after the ECB pushed out the timing of its first post-crisis rate hike until 2020. The single currency fell 0.2 percent to $1.128 after sources told Reuters that ECB policymakers think the bank's economic projections are too optimistic.

Brent oil slipped to around $71 a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia's willingness to stick with OPEC-led supply cuts.
Gold prices slipped for a fourth straight session on Tuesday as recent upbeat economic data and signs that Washington and Beijing were making headway in a nearly year-long tariff skirmish boosted risk.

Date	Time	Currency	Event	Actual	Forecast	Previous
16-04-2019	14.00	GBP	Average Earnings Index +Bonus (Feb)	3.5%	3.5%	3.5%
16-04-2019	14.00	GBP	Claimant Count Change (Mar)	28.3K	20.0K	26.7K
16-04-2019	14.00	EUR	German ZEW Economic Sentiment (Apr)	3.1	0.8	-3.6

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