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Bank of Korea Holds Interest Rates Steady as Weak Won Limits Policy Flexibility 
Not many economic data and events scheduled for today, and all with medium volatility risks associated.
Upcoming:
- New Zealand: ANZ commodity price index up 2.8 percent in February.
- United Kingdom: BRC retail sales index down -0.1 percent y/y in February.
- Japan: Markit services PMI up 52.3 in February.
- Australia: Q4 current account balance came at -$7.2 billion. RBA kept rates unchanged at 150 bps after today’s meeting.
Upcoming:
- Switzerland: CPI inflation report for February will be released at 7:30 GMT. SNB’s Zurbrugg is set for a speech at 9:00 GMT.
- Spain: Services PMI report will be released at 8:15 GMT.
- Italy: Services PMI report will be released at 8:45 GMT. Q4 GDP report due at 9:00 GMT.
- France: Services PMI report will be released at 8:50 GMT.
- Germany: Services PMI report will be released at 8:55 GMT.
- Eurozone: Services PMI report will be released at 9:00 GMT. January retail sales report is due at 10:00 GMT.
- United Kingdom: Services PMI report will be released at 9:30 GMT. BoE governor Carney set for a speech at 15:30 GMT.
- United States: Building permits report will be released at 12:30 GMT, followed by ISM non-manufacturing PMI at 15:00 GMT. New home sales report will be released at 15:00 GMT.
- New Zealand: Global dairy auction is scheduled today.
- Auction: Spain will auction 6-month and 12-month Letras today.
