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03:30 Announcement of the RBA decision on the discount rate - 4.75%
The yen rose against most of its major counterparts as Asian stocks declined amid signs global economic growth is losing momentum, boosting demand for the relative safety of Japan’s currency.
Japan’s currency advanced against 15 of its 16 major counterparts as the U.S. and Australia increased security at their embassies around the world on concern this week’s killing of Osama bin Laden will lead to revenge attacks.
The Australian and New Zealand dollars fell as lower commodity prices damped demand for the nations’ assets.
Canada’s currency strengthened as Prime Minister Stephen Harper won a return to office with a majority government.
EUR/USD: the pair shown high in the field of $1.4820 then decreased below a mark $1.4800.
GBP/USD: the pair decreased in around $1.6580.
USD/JPY: the pair receded in around Y80.80.
European data for Tuesday includes the latest German car registrations data.
In the UK, data starts at 0830GMT with PMI Manufacturing data for April. UK data also includes the latest CBI Distributive Trades data at 1000GMT.
US data includes domestic-made light vehicle sales, which are forecast to rise to a 9.9 million annual rate in April after falling slightly in March. At 1400GMT US factory new orders are expected to rise 2.0% in March.
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