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01:00 Australia Consumer Inflation Expectation June +3.1% +2.3%
01:10 New Zealand RBNZ Governor Bollard Speaks -
04:30 Japan Industrial Production (MoM) (finally) April +1.3% +0.2% -0.2%
04:30 Japan Industrial Production (YoY) (finally) April +14.2% +13.4% +12.9%
The dollar was under pressure before U.S. data that may show consumer prices fell, rekindling expectations the Federal Reserve will take more steps to bolster the economic recovery.
The euro was traded in area jof yesterdays high amid speculation traders are paring their bearish bets on the European currency before Greek elections on June 17.
New Zealand’s dollar strengthened against all of its major peers after the central bank left interest rates unchanged.
The Reserve Bank of New Zealand kept the official cash rate unchanged at 2.5% today.
EUR/USD: during the Asian session the pair was limited $1,2550-$ 1,2590.
GBP/USD: during the Asian session the pair was limited $1,5500-$ 1,5530, then decreased in area $1,5480.
USD/JPY: during the Asian session the pair was limited Y79.30-Y79.50.
The Swiss National Bank announces it's monetary policy decision at 0730GMT while the central bank also publishes it's Financial Stability Report for 2012 at 0800GMT. There are expectations of higher growth rate forecasts form the SNB.
Also at 0800GMT, the ECB publishes the Monthly Bulletin.
Today Germany's Bundestag is to vote on the 2012 supplementary budget bill, while Finance Minister Wolfgang Schaeuble is likely to speak around 0830GMT. EMU data sees final HICP for May and also Q1 labour costs data at 0900GMT.
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